5. Need any support from our end during the preparation of Money and Credit Class 10 MCQs Multiple Choice Questions with Answers then leave your comments below. (a) Loan factor How do banks mediate between those who have surplus money and those who need money? Answer: (а) Cheque (b) Lack of money 8. (a) Mixed loans Why is this necessary? Become our. 4. (d) Informal loans. In India, about 80 per cent of farmers are small farmers, who need credit for cultivation. 19. 22. (v) __________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender. (а) Station House Guard (d) All the above, Question 2. Are from informal sources, because they do not have the required documents. The use of ……………………… spans a very large part of our everyday life. Banks in India these days hold about 15 percent of their deposits in cash. What are the reasons why the banks might not be willing to lend to certain borrowers? Question-1 Describe how the poverty line is estimated in India. We’ll revert back to you soon. (c) Draft The ……………………… lender include moneylenders, trader relatives, friends, etc. Answer: (c) Who are in need of these fluids (a) The rate of interest Class … (b) Term loans 10th Class Maths CBSE Solutions are in PDF format and Videos format. Download NCERT Solutions for Class 10 Economics, Get free Class 10 Economics solutions for questions for all chapters in Class 10 Economics solved by best teachers as per latest NCERT (CBSE) book syllabus and guidelines. (c) Explain with an example how the terms of credit can be unfavourable for the small farmer. The RBI monitors the banks are actually maintaining: CBSE Class 10 Economics Chapter 4 Globalisation and Indian Economy PDF Download is available here. 11. (b) Debt (b) Education CBSE Notes. With their years of experience, they have answered the questions in the right format. … NCERT Solutions Class 10 Social Science Economics Chapter 4 Globalisation And Indian Economy. Question 20. NCERT Solutions for Class 10 Economics Chapter 5 Consumer Rights in PDF form is given below, questions of this chapter will not be asked in board examination, this is only for project work in session 2020-21. (а) Cheque 2. (c) Have to pay a heavy price for borrowing Taking credit involves an interest rate on the loan and if this is not paid back, … 3. Discuss. (a) Give a gold coin in return Your email address will not … Explain in your own words. Answer In situations with high risks, credit might create further problems for the borrower. (b) Quick deposits 3.3) pair of linear equations in two variables in Hindi Medium and English Medium. (d) None of the above. Answer: (c) Very painful 14. (c) Crop production Banks use the major portion of the deposits to extend ……………………… . Question 28. 10. (b) Never equal Next Prev Home. A large number of transactions m our day-to-day activities involve debt in some form or the other. NCERT Book Solutions For Class 10 Economics Understanding Economics Development Chapter 3 Money And Credit. (d) None of the above. (b) Term loans Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called: In view of the coronavirus pandemic, we are making LIVE CLASSES and VIDEO CLASSES completely FREE to prevent interruption in studies NCERT Solutions Class 10 Social Science Economics Chapter 3 Money And Credit. 20. Credit plays a vital and positive role in an individual’s life. Question 10. It is called double coincidence of wants. To a condition which is very painful. How does money solve the problem of double coincidence of wants? (b) Tilling Bookmark added to your notes. (d) Collateral. 13. About 85 percent of the loans taken by poor households in the urban areas are from: The difference between what is charged from borrowers and what is paid to depositors is: The Economics chapter wise exercise questions with solutions will help you to complete your class work, revise important concepts and get higher marks in Class 10 exams. The ……………………… currency is without any use of its own. Farmers usually take crop loans at the beginning of the season and repay the loan after ……………………… . ……………………… refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. Chapter 3; Chapter 4; Chapter 5; NCERT Books Class 10 Economics PDF for free download. The questions of the Ch 3 Eco Class 10 have been drafted in an easy-to-understand language. So, refer ncert.nic.in Solutions Class 10 Economics Chater 3 and score well in CBSE Board Exams. 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