Download App

Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit5 Marks
Question
Study the diagram given below and answer the following questions:

  1. Which are the two major sources of credit for rural households in India?
  2. Which one of them is the most dominant sources of credit for rural households?
  3. Why is it the most dominant source of credit? Give two reasons.
✓

Answer

  1. Moneylenders and cooperative societies are the two major sources of credit for rural households in India.
  2. Moneylenders are the most dominant sources of credit for rural households.
  3. Moneylenders are the most dominant sources of credit for rural households because.
  1. Rural households need not to produce certificate of their earning or documents of their employment while borrowing money from the money lenders.
  2. Neither they have to show any property or assets as collateral (security or guarantee).

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "LONG ANS. QUESTIONS [5M - ECONOMICS]" from Unit 4 Ch 3 : Money and Credit→Unit 4 Ch 3 : Money and Credit — all question types→Social Studies STD 10 question papers→CBSE Board STD 10 question papers→CBSE Board question paper generator→

Similar questions

How has improvement in technology stimulated the globalization process? Explain with five examples.
→
The workers in the unorganised sector need protection on the issues of wages, safety and health. Explain.
→
In what way are MNCs different from national companies? Explain by giving thee reasons.
→
How as the consumer movements evolved in India?
→
Classify industries on the basis of their economic activities with examples.
→
'Rapid improvement in technology has been one major factor that has stimulated the globalisation process Explain.###Explain the role of technology in stimulating globalisation process.###"Information and communication technology has played a major role in spreading out products and services across countries." Support the statement.
→
Why are trade barriers imposed on a foreign trade and investment in a country? Explain with the help of two illustrations.
→
Distinguish between primary sector and secondary sector by stating four points of distinction.
→
Name some allied-agricultural activities to need to be promoted to solve the problem of unemployment.
→
Do you think globalisation would have been possible without the expansion of Information Technology (IT)? Comment.
→