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MONEY AND CREDIT Day 13 2024asdfghjk

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CHAPTER WISE TEST PAPER

Made by Digraj Singh Rajput

CLASS X
SOCIAL SCIENCE - ECONOMICS
CHAPTER - MONEY AND CREDIT

Time Allowed: 1 Hours Maximum Marks: 30


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General Instructions:
I. This question paper is divided into four sections-Section A, B, C and D.
II. All questions are compulsory.
III. Section-A: Question no. 1 to 5 are objective type questions of 1 marks each.
IV. Section-B: Question no. 6 to 8 are defined type questions, carrying 2 marks each. Answer to each
question should not exceed 40 words.
V. Section-C: Question no. 9 to 11 are Short answer type questions, carrying 3 marks each. The answer to
each question should not exceed 80 words.
VI. Section-D: Question no. 12 and 13 are Long answer type questions, carrying 5 marks each. Answer to
each question should not exceed 120 words.

All the best!!


SECTION-A
Objective Type Questions 1X5=5

1. Match the following:-


(Creditor) (Sources of credit)
(i) Small farmer (a) bank
(ii) House loan (b) Employer
(iii) Landless Labourer (c) Cooperatives
(iv) Loans to members (d) Moneylender

2. Assertion/Reason
Assertion(A): Borrowers when borrow from informal sources, then fall into debt traps.
Reason(R): Formal sector institution need to lend more to the borrowers in order to prevent them from falling
into debt traps.
Codes:
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true
3. Sandeep has surplus money, so he opens a bank account and deposits in it. Whenever he needs money, he can
go to his bank and withdraw from there. This kind of deposit with the banks are known as
A. Demand deposit
B. Fixed deposit
C. Term deposit
D. Surplus deposit

4. What are the examples of the modern form of money?

5. Formal sector in India is supervised by _________.

SECTION-B
Define Type Questions 2X3=6

Write a short note on:


6. Terms of credit
7. Double coincidence of wants
8. A Cheque

SECTION-C
Short Type Questions 3X3=9

9. ‘’Deposits with the banks are beneficial to the depositors as well as to the nation’’. Examine the statement.

10. ‘’Whether Credit would be useful or not, it depends on the situation’’. Give two different examples in
support of this statement.

11. Compare and contrast the role of formal and informal source of credit?

SECTION-D
Long Type Questions 5 X 2 = 10

12. What do you understand by SHGs? Explain their functioning and contribution in eradication of poverty.

13. What is the source of income for the Banking System? Explain the whole mechanism?

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