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NCERT solutions for Class 10 Social Science chapter 3 - MONEY AND CREDIT

Social Science Economics Understanding Economic Development Class 10

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NCERT Social Science Economics Understanding Economic Development Class 10

Social Science Economics Understanding Economic Development Class 10 - Shaalaa.com

Chapter 3: MONEY AND CREDIT

Chapter 3: MONEY AND CREDIT solutions [Pages 52 - 53]

Q 1 | Page 52

In situations with high risks, credit might create further problems for the borrower. Explain.

Q 2 | Page 52

How does money solve the problem of double coincidence of wants? Explain with an example of your own.

Q 3 | Page 52

How do banks mediate between those who have surplus money and those who need money?

Q 4 | Page 52

Look at a 10 rupee note. What is written on top? Can you explain this statement?

Q 5 | Page 52

Why do we need to expand formal sources of credit in India?

Q 6 | Page 52

What is the basic idea behind the SHGs for the poor? Explain in your own words.

Q 7 | Page 52

What are the reasons why the banks might not be willing to lend to certain borrowers?

Q 8 | Page 53

In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?

Q 9 | Page 53

Analyse the role of credit for development.

Q 10 | Page 53

Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.

Q 11.1 | Page 53

In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.

Why might banks be unwilling to lend to small farmers?

Q 11.2 | Page 53

In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.

What are the other sources from which the small farmers can borrow?

Q 11.3 | Page 53

In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.

 Explain with an example how the terms of credit can be unfavourable for the small farmer.

Q 11.4 | Page 53

In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.

Suggest some ways by which small farmers can get cheap credit.

Q 12.1 | Page 53

Fill in the blank:

 Majority of the credit needs of the __________households are met from informal sources.

Q 12.2 | Page 53

Fill in the blank:

 __________costs of borrowing increase the debt-burden.

Q 12.3 | Page 53

Fill in the blank:

__________issues currency notes on behalf of the Central Government.

Q 12.4 | Page 53

Fill in the Blank:

Banks Charge a Higher Interest Rate on Loans than What They Offer on __________.

Q 12.5 | Page 53

Fill in the blank:

__________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.

Q 13.1 | Page 53

Choose the most appropriate answer.

 In a SHG most of the decisions regarding savings and loan activities are taken by

  • Bank.

  • Members.

  • Non-government organisation.

Q 13.2 | Page 53

Choose the Most Appropriate Answer. Formal Sources of Credit Does Not Include

  • Banks.

  • Cooperatives.

  •  Employers.

Chapter 3: MONEY AND CREDIT solutions [Page 53]

Q 1 | Page 53

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

Reason for needing a Loan

Construction worker

-

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?

Chapter 3: MONEY AND CREDIT

NCERT Social Science Economics Understanding Economic Development Class 10

Social Science Economics Understanding Economic Development Class 10 - Shaalaa.com

NCERT solutions for Class 10 Social Science chapter 3 - MONEY AND CREDIT

NCERT solutions for Class 10 Social Science chapter 3 (MONEY AND CREDIT) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the CBSE Social Science Economics Understanding Economic Development Class 10 solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. NCERT textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Class 10 Social Science chapter 3 MONEY AND CREDIT are Informal Institutions - Local Money Lenders, Landlords, Self Help Groups, Chit Funds and Private Finance Companies, Formal Institution - Nationalized Commercial Bank, Formal and Informal Financial Institutions for Savings and Credit, Role of Money in an Economy.

Using NCERT Class 10 solutions MONEY AND CREDIT exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in NCERT Solutions are important questions that can be asked in the final exam. Maximum students of CBSE Class 10 prefer NCERT Textbook Solutions to score more in exam.

Get the free view of chapter 3 MONEY AND CREDIT Class 10 extra questions for Social Science and can use Shaalaa.com to keep it handy for your exam preparation

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