Self Assessment– Class 10 – Social Science -Economics-Chapter : 3 :Money and Credit

Self Assessment– Class 10 – Social Science -Economics-Chapter : 3 :Money and Credit

1/2 Marks

Q.1 Suppose you are living in ancient times, when money is not accepted as medium of transaction. What kind of problem you will find while purchasing and selling the things?

Q.2 What was the primitive methods of exchange in early ages in India?

Q.3 Bharti has a doubt that why one cannot refuse a payment made in rupees in India?

Q.4 Which government agency is authorized to issue notes and currency in India?

Q.5 Why a loan from Informal Sector is costlier than the formal sector?

Q.6 Give one example each of modern currency and older currency?

Long Answer Type Questions ( 3 or 5 MARKS EACH)

Q.1 What is credit? How can credit be both an asset as well as a debt trap?

Q.2 What are the terms of credit? How it may vary for person to person?

Q.3 How is the concept of Self Help Group important for poor people? Give your view points.

Q.4 The credit activities of the informal sector should be discouraged. Support your statement with relevant arguments.

Q.5 Why the formal or informal sector does asks for collateral?

Q.6 How do farmers gets into debts trap?

Q.7 Review any three merits and any two demerits of ‘formal sector of credits’ in India.