Money and credit question and answers
Web20 nov. 2024 · It contains question answers of all exercise questions, extra questions of the unit Money and Credit in the class 10 NCERT book Understanding Economic Development. Therefore you can download and use the NCERT Solutions for Class 10 Social Science to know all answers key, and learn more for your homework, exam … WebDescribe the vital and positive role of credit. [CBSE (Delhi) 2016] Answer: “Credit has its own unique role for development”. (i) Credit helps to increase earning and therefore the person is better off than before. For example, as in (Salim’s case) (ii) Credit helps to earn money as well as capital for the future.
Money and credit question and answers
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WebBusiness Economics Preface: The commercial banking sector through its role of granting and creating credit in the money creation process has a large influence on the overall macroeconomy. Specifically, their directing of credit has a large impact on what type of transactions happen in the economy. The majority of loans that banks grant go towards … Web5 apr. 2024 · Go to the gift cards page in the Microsoft Store and select either Xbox or Microsoft gift card. From the drop-down menu, select the amount of money you want to purchase and add that amount to your cart. Go through the checkout process (you’ll need to sign in to your Microsoft account, so have your password ready).
Web7 jun. 2024 · Money and Credit Class 10 MCQs Questions with Answers Question 1. Which of the following is not an advantage of self-help group? (a) Grant of timely loans … WebAnswer: We need to expand formal sources of credit in India for many reasons: Compared to formal lenders, most of the informal lenders charge much higher interest rates on. loans like 3% to 5% per month i.e. 36% a year. Besides the high interest rate, informal lenders impose various other tough conditions.
WebAnswer: Option (a) 7) The difference between what is charged from borrowers and what is paid to depositors is the main source of banks’ income. a) True b) False Answer: Option (a) 8) In rural areas, the main demand for credit is for ________. a) Purchasing land b) Purchasing a house c) Medical expenses d) Crop production Answer: Option (d) Web9 apr. 2024 · budget a sum of money to be used for a particular purpose debit card takes money directly from your bank account credit card lets you make purchases with a promise to pay later; interest is ... Banzai questions and answers 2024 updated $12.95 Add to Cart . Browse Study Resource ...
Web23 jul. 2024 · Class 10 Social Science MCQs Chapter 3 Money and Credit 1. Which one of the following statements is most appropriate regarding transaction made in money? (a) It is the easiest way. (b) It is the safest way. (c) It is the cheapest way. (d) It promotes trade. Answer 2. Which one of the following is a modem form of currency? (a) Gold (b) Silver
Web6 apr. 2024 · Money What to Do With Your Money—and Your Life—in a Wild New World From buying real estate to getting a new credit card, answers to perplexing questions … how does a gravity powered car achieve motionWebClass 10 Economics Chapter 3 Money and Credit Important Questions 1. The currency notes on behalf of the Central Government are issued by whom? (2011 D) Answer: Reserve Bank of India. 2. Why do banks ask for collateral while giving credit to a … how does a gravity water bowl workWeb17 jan. 2015 · Explain. Answer. In situations with high risks, credit might create further problems for the borrower. This is also known as a debt-trap. Taking credit involves an … how does a gravity tilt trailer work