MEDIUM
10th CBSE
IMPORTANT
Earn 100

Majority of the credit needs of the (poor/rich) households are met from informal sources.

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Important Questions on Money and Credit

MEDIUM
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 12
_____(High/Low) costs of borrowing increase the debt-burden.
MEDIUM
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 12
Banks charge a higher interest rate on loans than what they offer on _____. (deposits/withdrawal)
EASY
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 12
_____ (Collateral/Shares)is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
EASY
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 13
In a SHG, most of the decisions regarding savings and loan activities are taken by
MEDIUM
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 13
Formal sources of credit does not include
HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>ADDITIONAL PROJECT / ACTIVITY>Q 1

The following table shows people in a variety of occupations in urban areas. What are the purposes for which the following people might need loans? Fill in the column.

Occupations Reasons for needing a loan
Construction worker  
A Graduate student who is computer literate  
A person employed in government service  
Migrant labourer in Delhi  
Household maid  
Small trader  
Autorickshaw driver  
A worker whose factory has closed down  

Next, classify the people into two groups based on whom you think might get a bank loan and those who might not. What is the criterion that you have used for classification?