through which people can carry out buying and selling. It is important to expand formal sources of credit in India because the informal sources are not registered and lend money to people at very high-interest rates which is unfair and must not be practised. Chapter-3– Money and Credit, The following page provides you NCERT book solutions for class 10 social science, social science class 10 notes in pdf are also available in the related links between the text. NCERT Solutions for Class 6 Social Science History Chapter 1 What, Where, How and When? In India, a major part of the population is engaged in agricultural activities; credit plays a very crucial role in agricultural activities. MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. c. Explain with an example of how the terms of credit can be unfavourable for the small farmer. Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. (a) 10. CBSE Previous Year Question Papers Class 10, CBSE Previous Year Question Papers Class 12, NCERT Solutions Class 11 Business Studies, NCERT Solutions Class 12 Business Studies, NCERT Solutions Class 12 Accountancy Part 1, NCERT Solutions Class 12 Accountancy Part 2, NCERT Solutions For Class 6 Social Science, NCERT Solutions for Class 7 Social Science, NCERT Solutions for Class 8 Social Science, NCERT Solutions For Class 9 Social Science, NCERT Solutions For Class 9 Maths Chapter 1, NCERT Solutions For Class 9 Maths Chapter 2, NCERT Solutions For Class 9 Maths Chapter 3, NCERT Solutions For Class 9 Maths Chapter 4, NCERT Solutions For Class 9 Maths Chapter 5, NCERT Solutions For Class 9 Maths Chapter 6, NCERT Solutions For Class 9 Maths Chapter 7, NCERT Solutions For Class 9 Maths Chapter 8, NCERT Solutions For Class 9 Maths Chapter 9, NCERT Solutions For Class 9 Maths Chapter 10, NCERT Solutions For Class 9 Maths Chapter 11, NCERT Solutions For Class 9 Maths Chapter 12, NCERT Solutions For Class 9 Maths Chapter 13, NCERT Solutions For Class 9 Maths Chapter 14, NCERT Solutions For Class 9 Maths Chapter 15, NCERT Solutions for Class 9 Science Chapter 1, NCERT Solutions for Class 9 Science Chapter 2, NCERT Solutions for Class 9 Science Chapter 3, NCERT Solutions for Class 9 Science Chapter 4, NCERT Solutions for Class 9 Science Chapter 5, NCERT Solutions for Class 9 Science Chapter 6, NCERT Solutions for Class 9 Science Chapter 7, NCERT Solutions for Class 9 Science Chapter 8, NCERT Solutions for Class 9 Science Chapter 9, NCERT Solutions for Class 9 Science Chapter 10, NCERT Solutions for Class 9 Science Chapter 12, NCERT Solutions for Class 9 Science Chapter 11, NCERT Solutions for Class 9 Science Chapter 13, NCERT Solutions for Class 9 Science Chapter 14, NCERT Solutions for Class 9 Science Chapter 15, NCERT Solutions for Class 10 Maths Chapter 1, NCERT Solutions for Class 10 Maths Chapter 2, NCERT Solutions for Class 10 Maths Chapter 3, NCERT Solutions for Class 10 Maths Chapter 4, NCERT Solutions for Class 10 Maths Chapter 5, NCERT Solutions for Class 10 Maths Chapter 6, NCERT Solutions for Class 10 Maths Chapter 7, NCERT Solutions for Class 10 Maths Chapter 8, NCERT Solutions for Class 10 Maths Chapter 9, NCERT Solutions for Class 10 Maths Chapter 10, NCERT Solutions for Class 10 Maths Chapter 11, NCERT Solutions for Class 10 Maths Chapter 12, NCERT Solutions for Class 10 Maths Chapter 13, NCERT Solutions for Class 10 Maths Chapter 14, NCERT Solutions for Class 10 Maths Chapter 15, NCERT Solutions for Class 10 Science Chapter 1, NCERT Solutions for Class 10 Science Chapter 2, NCERT Solutions for Class 10 Science Chapter 3, NCERT Solutions for Class 10 Science Chapter 4, NCERT Solutions for Class 10 Science Chapter 5, NCERT Solutions for Class 10 Science Chapter 6, NCERT Solutions for Class 10 Science Chapter 7, NCERT Solutions for Class 10 Science Chapter 8, NCERT Solutions for Class 10 Science Chapter 9, NCERT Solutions for Class 10 Science Chapter 10, NCERT Solutions for Class 10 Science Chapter 11, NCERT Solutions for Class 10 Science Chapter 12, NCERT Solutions for Class 10 Science Chapter 13, NCERT Solutions for Class 10 Science Chapter 14, NCERT Solutions for Class 10 Science Chapter 15, NCERT Solutions for Class 10 Science Chapter 16, NCERT Syllabus Class 10 Political Science, CBSE Class 9 information Technology Syllabus, CBSE Class 9 Artificial Intelligene Syllabus, CBSE Class 10 Information Technology Syllabus, CBSE Class 11 Physical Education Syllabus, CBSE Class 12 Physical Education Syllabus, CBSE Important Questions for class 12 Physics, CBSE Important Questions for class 12 Chemistry, CBSE Important Questions for class 12 Biology, CBSE Important Questions for class 12 Maths, CBSE Important Questions for class 11 Physics, CBSE Important Questions for class 11 Chemistry, CBSE Important Questions for class 11 Biology, CBSE Important Questions for class 11 Maths, CBSE Important Questions for class 10 Maths, CBSE Important Questions for class 10 Science, CBSE Important Questions for class 10 Social Science, CBSE Important Questions for class 9 Maths, CBSE Important Questions for class 9 Science, CBSE Important Questions for class 9 Social Science, CBSE Important Questions for class 8 Maths, CBSE Important Questions for class 8 Science, CBSE Important Questions for class 8 Social Science, Class 7 Social Science Important Questions, Class 6 Social Science Important Questions, CBSE Extra Questions for class 10 Science, Chapter 1 Real Numbers Objective Questions, Chapter 2 Polynomials Objective Questions, Chapter 3 Pair Of Linear Equations In Two Variables Objective Questions, Chapter 4 Quadratic Equations Objective Questions, Chapter 5 Arithmetic Progression Objective Questions, Chapter 7 Coordinate Geometry Objective Questions, Chapter 8 Introduction To Trigonometry Objective Questions, Chapter 9 Applications Of Trigonometry Objective Questions, Chapter 11 Construction Objective Questions, Chapter 12 Areas Related To Circles Objective Questions, Chapter 13 Surface Areas And Volumes Objective Questions, Chapter 14 Statistics Objective Questions, Chapter 15 Probability Objective Questions, NCERT Solutions for class 12 Business Studies, NCERT Solutions for class 11 Business Studies, NCERT Solutions Class 10 Political Science, NCERT Solutions for Class 9 Social Science, NCERT Solutions Class 9 Political Science, NCERT Solutions for Class 7 Social Science History, NCERT Solutions for Class 7 Social Science Geography, NCERT Solutions for Class 7 Social Science Civics, NCERT Solutions for Class 6 Social Science, NCERT Solutions for Class 6 Social Science History, NCERT Solutions for Class 6 Social Science Geography, NCERT Solutions for Class 6 Social Science Civics, NCERT Books for Class 12 Business Studies, NCERT Books for Class 11 Business Studies, NCERT Exemplar Solutions for class 12 Maths, NCERT Exemplar Solutions for class 12 Physics, NCERT Exemplar Solutions for class 12 Chemistry, NCERT Exemplar Solutions for class 12 Biology, NCERT Exemplar Solutions for class 11 Maths, NCERT Exemplar Solutions for class 11 Physics, NCERT Exemplar Solutions for class 11 Chemistry, NCERT Exemplar Solutions for class 11 Biology, NCERT Exemplar Solutions for class 10 Science, NCERT Exemplar Solutions for class 10 Maths, NCERT Exemplar Solutions for class 9 Science, NCERT Exemplar Solutions for class 9 Maths, NCERT Exemplar Solutions for class 8 Science, NCERT Exemplar Solutions for class 8 Maths, NCERT Exemplar Solutions for class 7 Science, NCERT Exemplar Solutions for Class 7 Maths, NCERT Exemplar Solutions for Class 6 Maths, Lakhmir Singh Solutions for Class 8 Science, Chapter 4 Globalisation And The Indian Economy, Download NCERT Solutions for Class 10 Economics Chapter 3 Money and Credit, chapter 4 globalisation and the indian economy, Some people fail to provide the required set of documents to get a loan, Irregular wages and no fixed job is also one reason because it increases the chances of non-repayment of loans, Certain borrowers are added to the list of NPAs, There is high risk in approving loans to entrepreneurs. This helps in increasing their income earning capacity and standard of living. Thus, the problem of double coincidence of wants gets solved with the use of money. Get Notes, NCERT Questions, Extra Questions (with answers) of Chapter 15 Class 10 Science - Our Environment. How does credit play a vital and positive role? Question 2. In India, about 80 per cent of farmers are small farmers, who need credit for cultivation. money, goods or services in return for the promise of future payments with Why do lenders ask for collateral while lending? Rupee is widely accepted as a medium of exchange because: Question 38. Cheap and affordable credit is crucial for a country’s development because: Question 45. ‘Credit has its own unique role for development.’ Justify the statement with arguments. Students will study money as a medium of exchange among people and how credit is distributed among the people in a country. Explain with the help of an example. economic activities independent of each other. NCERT Solutions for Class 10th: Ch 3 Money and Credit Economics Social Studies (S.St) Page No: 52 Excercises 1. Class 10 Social Science MCQs Questions with Answers Chapter Wise PDF Download Practicing these NCERT Social Science MCQs for Class 10 CBSE with Answers Pdf will guide students to do a quick revision for all the concepts present in each chapter and prepare for final exams. It can be easily exchanged with any commodity or service. long Answer Type Questions [4/5 Marks]. They keep a collateral from the borrowers for granting loans. For example, crop production involves high costs on inputs such as fertilizers, pesticides, water etc. ___________________costs of borrowing increase the debt-burden. What are the benifits of deposits with the banks? The credit activities of the informal sector should be discouraged because: Question 10. Ans.Banks and Cooperatives 2. Question 55. “Whether credit will be useful or not, depends upon the situation.” Give two different examples in support of this statement Going through NCERT Solutions Class 10 Economics Social Science Chapter 3: Money and Credit will surely help students to score good marks in Social Science. Apart from this chapter, the full set of NCERT Solutions for Class 10 Social Science is also provided for students exam preparation. The people with excess money deposit it in the banks for safety. At the same time, it removes the inconvenience caused by the barter system. Money can be easily withdrawn from the banks as and when required by the depositors. Answer: For example, a person wants to sell sugar and buy wheat. Answer: How do banks mediate between those who have surplus money and those who need money? (c) 11. Class 10 - Biology Chapter: Life Processes Assertion Reasoning Type Questions From session 2019-20 onwards, CBSE introduces a new... CBSE Class 10/9/8 - English - Reading Comprehension (Unseen Passage) (Set-14)(#eduvictors)(#readingComprehension) How are they emerging as an important source of Cheap credit would thus lead to increase in production. d. Suggest some ways by which small farmers can get cheap credit. (d) 12. They create self-employment opportunities by discussion within their group. a. Especially in India, if formal sources of credit are increased, people will be able to take loans and use them for the development of the country. But it, indeed, is a very cumbersome process. Question 40. Answer: (d) 7. Social Science Class 10 Important Questions Economics Chapter 3 Money and Credit Class 10 Important Questions. How do they work? This is also known as a debt-trap. The difference between what is charged from borrowers and what is paid to the depositors is the main source of income for the banks. What are Self-Help Groups? In rural sector, the main demand for credit is for crop production. Banks use a major portion of deposits to extend loans. This is known as a debt trap. of interest on loans than what they offer on deposits. interest. Answer: The solutions for Chapter 3 of Understanding Economic Money and Credit are given below. Ans. Question 13. Answer: CBSE class 10 Social Science Chapter 3 Economics-Money and Credit notes in PDF are available for free download in myCBSEguide mobile app. They provide easy loans on nominal rates that make it possible for the common man to build their own assets. The economic value attached to cheap and affordable credit is that it helps the poor in rural and urban households to start self-employment ventures. Answer: There is no organisation to supervise the credit activities of the lenders in informal sector. “The credit activities of the informal sector should be discouraged.” Support the statement with arguments. Modern forms of money include currency-pape r notes and coins. Credit plays a vital and positive role in the following ways: Question 60. How are deposits with the banks beneficial for individual as well as for the nation? In a barter system where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature. Answer: NCERT Solutions for Class 10 Economics Chapter 3: Money and Credit. They charge a higher rate Answer: Examine the statement //