MEDIUM
10th CBSE
IMPORTANT
Earn 100

What are the differences between formal and informal sources of credit?

Important Questions on Money and Credit

HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>LET’S WORK THESE OUT>Q 2
Why should credit at reasonable rates be available for all?
HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>LET’S WORK THESE OUT>Q 3
Should there be a supervisor, such as the Reserve Bank of India, that looks into the loan activities of informal lenders? Why would its task be quite difficult?
HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>LET’S WORK THESE OUT>Q 4
Why do you think that the share of formal sector credit is higher for the richer households compared to the poorer households?
HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 1
In situations with high risks, credit might create further problems for the borrower. Explain.
HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 2
How does money solve the problem of double coincidence of wants? Explain with an example of your own.
MEDIUM
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 3
How do banks mediate between those who have surplus money and those who need money?
HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 4
Look at a 10 Rupee note. What is written on top? Can you explain this statement?
HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>EXERCISES>Q 5
Why do we need to expand formal sources of credit in India?