CBSE Solutions for Class 10 Economics

Select CBSE Solutions for class 10 Subject & Chapters Wise :

The money notes in the interest of the Central Government are given by whom?

Hide | Show

Answer :

Save Bank of India.

For what reason do banks request guarantee while offering credit to a borrower?

Hide | Show

Answer :

Insurance is a resource that the borrower possesses (land, building, vehicle, animals, land records, stores with banks, and so on) which stands as a protection from the money acquired. On the off chance that the borrower neglects to reimburse the advance, the loan specialist has the privilege to sell the resource or guarantee.

How manage banks do the stores they acknowledge from clients?

Hide | Show

Answer :

Banks utilize a significant part of stores to stretch out credits to individuals.

What contains 'terms of credit'?

Hide | Show

Answer :

Loan cost, guarantee and documentation prerequisite and method of reimbursement together include terms of credit.

What is the primary casual wellspring of credit for provincial families in India?

Hide | Show

Answer :

Money banks are the primary wellspring of casual credit for provincial families.

"Modest and moderate credit is fundamental for helpless family units both in provincial and metropolitan territories." In the light of the above assertion clarify the social and financial qualities joined to it.

 

Hide | Show

Answer :

Credit implies loAnswer: It alludes to an arrangement where the moneylender supplies the borrower with money, merchandise or administrations as an end-result of the guarantee of future reimbursement.

1.            Cheap and moderate credit is critical for the nation's development and financial development. Credit is in incredible demand for different sorts of monetary exercises—huge or little speculations, to set up business, purchasing vehicles, houses, and so forth

2.            In rustic zones credit helps in the development of agribusiness by giving assets to ranchers to purchase seeds, composts, costly pesticides.

3.            Manufacturers need credit for purchasing crude material or to meet continuous use of creation. Credit helps in the acquisition of plant, apparatus, hardware, and so on

4.            Some individuals may need to acquire for ailment, relationships and so on

Along these lines, modest and moderate credit is vital for the nation's development and monetary development.

What is insurance? For what reason do moneylenders request guarantee while loaning? Clarify.

Hide | Show

Answer :

Insurance is a resource that the borrower possesses (land, building, vehicle, domesticated animals, land reports, stores with banks and so forth) which stands as a protection from the money acquired. On the off chance that the borrower neglects to reimburse the advance, the moneylender has the option to offer the resource or insurance to recoup the advance money. Most loan specialists request guarantee while loaning as a protection from their own assets.

What are the cutting edge types of money? For what reason is the 'rupee' generally acknowledged as a mechanism of trade? Clarify two reasons.

Hide | Show

Answer :

Modem types of money cash in India incorporate paper notes and coins which are known as Rupees and Paise.

 

1.            It is acknowledged as a vehicle of trade on the grounds that the cash is approved by the Government of India.

 

2.            In India, the Reserve bank of India issues cash notes in the interest of the Central Government of India.

 

3.            The law sanctions the utilization of rupee as a mode of installment that can't be denied in settling exchange in India.

 

4.            No Individual in India can legitimately reject an installment made in rupees.

 

Therefore, the rupee is generally acknowledged as a vehicle of trade.

What is money? For what reason is current money cash acknowledged as a mechanism of trade?

Hide | Show

Answer :

Money is a mode of trade in exchanges. An individual holding money can without much of a stretch trade it for any item or administration that the person may need.

Modem money cash is acknowledged as a mechanism of trade on the grounds that

•             it is guaranteed for a specific group (For instance, ₹ 10, ₹ 20, ₹ 100, ₹ 1,000).

•             it is given by the Central Bank of the nation.

•             it is approved by the administration of the nation.

How does the utilization of money make it simpler to trade things? Give a model.

Hide | Show

Answer :

The utilization of money takes care of the issue of twofold incident of needs. Money goes about as a mechanism of trade and fills in as a unit of significant worth.

Feature the natural issue in twofold occurrence of needs.

Hide | Show

Answer :

Twofold incident of needs implies that when somebody needs to trade his products with another individual, the last should likewise be happy to trade his merchandise with the principal individual. It can possibly work when both the people are prepared to trade each other's merchandise.

Which nation has effectively coordinated SHGs? Who had started the program?

Hide | Show

Answer :

Bangladesh has effectively coordinated SHGs. Grameen Bank of Bangladesh is the greatest example of overcoming adversity in arriving at the poor to meet their credit needs at sensible rates. Grameen Bank has now more than 6 million borrowers in 40,000 towns across Bangladesh. The vast majority of the borrowers are ladies and have a place with the least fortunate part of society. This thought is the mind offspring of Prof. Mohammad Yunus, beneficiary of 2006 Nobel Prize for Peace.

What do you understand by demand stores?

Hide | Show

Answer :

To guarantee wellbeing of their money, individuals store their money with banks. Banks acknowledge stores and pay revenue on stores. Individuals have the arrangement to pull out their money as and when they require. Since money can be removed on demand, these stores are known as demand stores.

 

Highlights:

 

1.            A demand store has the fundamental trait of money. It very well may be utilized as a vehicle of trade.

 

2.            The office of checks against demand stores makes it conceivable to make installments, without utilizing money.

 

3.            Since demand stores are acknowledged broadly as a methods for installment alongside cash, they establish money in the modem economy.

For what reason are the vast majority of the helpless family units denied from the proper area of credits?

Hide | Show

Answer :

A large portion of poor people family units are denied from the conventional area advances as a result of absence of legitimate reports and nonattendance of insurance.

Demonstrate with a contention that there is an incredible need to expand formal wellsprings of credit in provincial India.

Hide | Show

Answer :

There is incredible need to expand formal wellsprings of credit in provincial India on the grounds that:

1.            There is no association that administers the credit exercises of loan specialists in the casual area. They loan at whatever financing cost they pick.

2.            No one can prevent country money-moneylenders from utilizing out of line intends to get their money back.

For what reason is the oversight of the working of formal wellsprings of advances fundamental?

Hide | Show

Answer :

Oversight of the working of formal wellsprings of advances is vital in light of the fact that banks need to submit data to the RBI on the amount they are loaning, to whom they are loaning and at what financing cost and so forth

Contrast formal area advances and casual area of credits with respect to intrigue as it were.

Hide | Show

Answer :

A large portion of the casual moneylenders charge a lot higher premium on credits than the proper area loAnswer

Why one can't deny an installment made in rupees in India?

Hide | Show

Answer :

One can't deny an installment made in rupees in India since it is acknowledged as a mode of trade. The cash is approved by the legislature of the nation.

How do the stores with banks become their kind of revenue?

Hide | Show

Answer :

Banks charge a higher financing cost on advances they reach out than what they offer on stores. The distinction of premium is the primary kind of revenue of banks

How does money go about as a vehicle of trade?

Hide | Show

Answer :

Money goes about as a vehicle of trade as it goes about as a middle in the trade cycle and exchanges. An individual holding money can without much of a stretch trade it for any ware or administrations that the person may need.

What is implied by twofold happenstance of needs?

Hide | Show

Answer :

Twofold happenstance of needs implies when the two players have consented to sell and get each other's products.

What is the significance of 'speculation'?

Hide | Show

Answer :

Speculation is purchasing of a resource as an industrial facility, a machine, land and building, and so forth (actual resources) or offers (money related resources) to make or sharing profits of the undertakings concerned.

Basic ventures are—purchasing land, processing plants, machines for quicker creation, purchasing little neighborhood organizations to expand creation, modest work, talented specialists, IT staff, and so on

What is the significance of 'bargain framework'?

Hide | Show

Answer :

Trade framework alludes to the arrangement of trade of merchandise and enterprises. It is the framework by which one product is traded for another without the utilization of money. Before money was presented, individuals rehearsed deal framework.

Model: A rancher could purchase a dhoti from a weaver or a couple of shoes from a shoemaker in return of grains he created.

'Current money is with no utilization of its own'; then for what reason is it acknowledged as a mode of trade?

 

 

Hide | Show

Answer :

Present day cash is acknowledged as a mode of trade since it is guaranteed for a specific section (?10, ?100, and so forth) of the nation by specialists set up by the Central Government. It is given by the Reserve Bank of India and it very well may be utilized for purchasing any item which is at a bargain. It is approved by the legislature of the nation.

Which body regulates the working of formal wellsprings of credits?

 

Hide | Show

Answer :

Save Bank of India.

What is the fundamental target of 'Self improvement Gatherings'? How accomplish they work? Depict any four points of interest of 'Self improvement Gatherings' for poor people. (2015 D, 2011 D)

Hide | Show

Answer :

The fundamental target of 'Self improvement Gatherings' is to coordinate country poor, especially ladies having a place with one neighborhood into little Self Help Groups (15-20 individuals). These individuals spare routinely and the sum changes from ₹25 at least 100 relying on their capacity to spare.

 

The four points of interest of 'Self improvement Gatherings' are as per the following:

 

1.            The individuals can take little credits from the gathering itself to address their issues. The gathering charges revenue on these advances which is still not as much as what moneylenders charge.

2.            After per year or two, if the gathering is ordinary in reserve funds, it gets qualified for profiting advance from the bank which is authorized for the sake of the gathering to make independent work openings. Extremely significant choices with respect to credit, reason, measure of interest, non-installment of advance are taken by the gathering individuals.

 

For example, little credits are given to the individuals to delivering sold land, meeting working capital necessities, for procuring resources like sewing machines, handlooms, cows and so forth

3.            Since non-reimbursement of credits is managed intensely by bunch individuals, therefore banks are eager to loan to the helpless ladies when coordinated in SHGs, despite the fact that they have no security all things considered. In this way, the SHGs help ladies to turn out to be monetarily confident.

4.            The standard gatherings of the gathering give a stage to talk about and follow up on an assortment of social issues, for example, wellbeing, nourishment, aggressive behavior at home and so forth

'Banks and cooperatives help individuals in getting modest and reasonable advances' Which esteems as per you does this help? (2011 OD)

 

 

Hide | Show

Answer :

Modest and reasonable credits help individuals to develop crops, work together, set up little scope ventures or exchange products.

This advances:

1.            Self dependence and money related security and autonomy of individuals.

2.            Protection of the generally poor against degenerate moneylenders.

 

3.            Eradication of destitution as a rule.

4.            All this by implication helps in the nation's development.

What is Credit? For what reason is modest and moderate credit significant for the nation's development? Give four reasons.

Hide | Show

Answer :

Credit implies advances. It alludes to an understanding where the loan specialist supplies the borrower with money, merchandise or administrations as a byproduct of the guarantee of future reimbursement.

 

1.            Cheap and moderate credit is critical for the nation's development and financial development. Credit is in extraordinary demand for different sorts of monetary exercises—large or little ventures, to set up business, purchasing vehicles, houses, and so on

2.            In rustic territories credit helps in the development of agribusiness by giving assets to ranchers to purchase seeds, manures, costly pesticides.

3.            Manufacturers need credit for purchasing crude material or to meet progressing consumption of creation. Credit helps in the acquisition of plant, hardware, gear, and so on

4.            Some individuals may need to acquire for disease, relationships and so on

Hence, modest and moderate credit is critical for the nation's development and financial development.

What are the two classes of wellsprings of credit? Notice four highlights of each. (2013 OD)

Hide | Show

Answer :

The two wellsprings of credit are formal sources and casual sources:

Formal wellsprings of credit:

1.            Banks and helpful social orders fall under the proper area. One can get credits from banks or agreeable social orders.

2.            The Reserve Bank of India regulates the working of formal wellsprings of loAnswer:

3.            Bank advances require documentation and security (insurance is a resource, for example, land, building, vehicle, animals, stores with the bank, and so on) This is utilized as an assurance to the bank until the credit is taken care of.

4.            Formal sources can't charge any pace of interest from the borrowers as indicated by their impulses.

 

Casual wellsprings of credit:

 

•             In the casual area money can be acquired from an individual, companion, relative, moneylender, dealers, businesses, and so forth

•             There is no association that checks or directs the exercises of loan specialists in the casual area.

•             Loans from casual sources don't need any such security.

•             They charge a high pace of interest on advances as they don't need any guarantee.

Which government body administers the working of formal wellsprings of advances in India? Clarify its working. (2012 OD)

Hide | Show

Answer :

The Reserve Bank of India directs the working of formal wellsprings of credits.

Elements of Reserve Bank of India.

1.            RBI requires business banks to keep up a base money balance out of the stores they get. The RBI screens that the banks really keep up the money balance.

2.            RBI sees that the banks give advances to profit-production organizations and brokers as well as to little cultivators, little scope enterprises, little borrowers, SHGs, and so on

3.            RBI issues rules for fixing pace of revenue on stores and loaning by business banks.

4.            Periodically, banks need to submit data to the RBI on the amount they are loaning, to whom, at what financing cost, and so on

What are the different wellsprings of credit in rustic regions? Which one of them is the most prevailing wellspring of credit and why? (2013 D)

Hide | Show

Answer :

Moneylenders are the most prevailing among wellsprings of credit for rustic families. They comprise a casual wellspring of credit. They charge a high pace of interest on advances as they don't need any guarantee. They are the most helpful wellspring of credit in the provincial territories.

Other wellsprings of provincial credit:

1.            Cooperative Societies are another significant wellspring of rustic credit. They are a wellspring of formal area credit. Individuals from a Cooperative pool their assets for helping each other, e.g., Farmers' Cooperatives, Weavers' Cooperatives, and so on They offer modest credit in country territories for their individuals. When these advances are reimbursed, another round of credits is offered.

2.            Agricultural brokers, family members and companions are other casual wellsprings of rustic credit. A few ranchers acquire from rural dealers who gracefully the homestead inputs, (for example, seeds, manures, pesticides, and so on) on credit toward the start of the trimming prepare and reimburse the advances after the gather.

3.            Commercial banks additionally offer advances to provincial family units. Be that as it may, very few rustic family units obtain from banks as they require appropriate documentation and insurance.

"Stores with the banks are advantageous to the investors just as to the country". Inspect the assertion. (2016 OD, 2015 D)

Hide | Show

Answer :

Advantage of stores to the investors:

1.            Bank acknowledges the stores and pays revenue to the investor.

2.            Banks assist individuals with setting aside their cash and guard their money in care of the bank.

3.            People can pull out the money as and when they require.

4.            Banks likewise award advances to individuals for an assortment of purposes. In the midst of hardship, people, business houses and ventures can acquire money from the banks.

Advantage of stores to the Nation:

1.            Banks utilize the significant extent of the store to broaden advances.

2.            There is a gigantic demand for credits for different monetary exercises. In the midst of hardship, business houses and enterprises can acquire money from the banks.

3.            Banks intervene between the individuals who have excess assets and the individuals who are needing these assets. Accordingly, it helps in the financial development of the Nation.

How do banks assume a significant part in the economy of India? Clarify. (2015 OD)

Hide | Show

Answer :

1.            Banks assistance individuals to set aside their cash and protect their money in guardianship. To guarantee wellbeing of their money, individuals store their money with banks. Banks acknowledge stores and pay revenue on stores. Individuals have the arrangement to pull out their money as and when they require.

 

2.            Banks likewise award advances to individuals for an assortment of purposes. In the midst of hardship people, business houses and ventures can get money from the banks.

 

3.            Credit gave by banks is essential to the nation's development and financial development. Credit is required for a wide range of financial exercises, to set up business, purchase vehicles, houses, and so on

 

4.            Banks likewise help individuals in getting modest and reasonable advances. This can help individuals to develop crops, work together, set up little scope ventures or exchange products and additionally help by implication in the nation's development. They ought to do as such, so moderately needy individuals don't need to rely upon casual wellsprings of credit (money-moneylenders).

Depict the indispensable and positive part of credit with models. (2016 D)

Hide | Show

Answer :

In the merry season, a shoe maker, Ram gets a request from a huge broker around for 3,000 sets of shoes to be conveyed in a month's time. To finish creation on time Ram needs to recruit laborers for sewing and gluing work. He needs to buy the crude materials. To meet these costs Ram gets credits from two sources.

 

To start with, he requests that the leather provider gracefully leather now and vows to pay him later.

 

Second, he acquires advance in real money from the huge dealers as advance installment for 1000 sets of shoes with a guarantee to convey the entire request before the month's over.

 

Toward the month's end, Salim can convey the request, make a decent profit and reimburse the money he had acquired.

 

Salim acquires credit to meet the working capital necessities of creation. The credit causes him to meet the continuous costs of creation, complete creation on schedule and in this manner increment his income. Credit therefore plays an imperative and positive part in this circumstance.

By what means can the proper area credits be made helpful for helpless ranchers and laborers? Recommend any five measures. (2016 OD)

Hide | Show

Answer :

Formal area credits can be made valuable for helpless ranchers and laborers in the accompanying manners:

1.            Create more prominent mindfulness among ranchers about conventional area credits.

 

2.            Process of giving credits ought to be made simpler. It should be straightforward, quick and ideal.

 

3.            More number of Nationalized Banks/helpful banks ought to be opened in rustic sectors. Banks and cooperatives should build office of giving advances so reliance on casual wellsprings of credit diminishes.

 

4.            The advantages of advances ought to be reached out to helpless ranchers and little scope businesses.

 

5.            While formal area advances need to expand, it is likewise fundamental that everybody gets these credits. It is significant that proper credit is disseminated all the more similarly so the poor can profit by less expensive advances.

1

state represents greatest level of SHGs in bank credit

A

Formal Sources of credit include

2

state doesn’t represents greatest level of SHGs in bank credit

B

Andhra Pradesh

3

Co-Agents

C

Tamil Nadu

Hide | Show

Answer :

1-B, 2-C, 3-A

1

Cash is given in India by

A

Reserve Bank of India

2

Cash isn’t  given in India by

B

isn't correct with respect to the in comfort of Barter Exchange

3

Availability of money as a mode of trade

C

business banks

Hide | Show

Answer :

1-A, 2-C, 3-B

1

The piece of the all out stores which a bank keeps with itself in real money is

A

Cooperative social orders

2

The piece of the all out stores which a bank keeps with itself in real money isn’t

B

a little extent

3

Plastic money

C

100%

4

Recognize the proper wellspring of credit

D

the cutting edge types of money

Hide | Show

Answer :

1-B, 2-C, 3-D, 4-A

1

Arrangement of trading products for merchandise

A

Plastic money

2

Not an arrangement of trading products for merchandise

B

bargain framework

3

At present which type of money is progressively utilized separated from paper money

C

Metallic money

4

At present which type of money isn’t  progressively utilized separated from paper money

D

Trade framework

Hide | Show

Answer :

1-B, 2-D, 3-A, 4-C

1

Credit or advance alludes to an arrangement between

A

bank and borrower

2

Credit or advance doesn’t alludes to an arrangement between

B

dispenses with twofold incident of needs

3

Money

C

government and citizen

4

Terms of credit

D

financing cost

Hide | Show

Answer :

1-C, 2-A, 3-B, 4-D

Take a Test

Choose your Test :

Browse & Download CBSE Books For Class 10 - All Subjects

The GSEB Books for class 10 are designed as per the syllabus followed Gujarat Secondary and Higher Secondary Education Board provides key detailed, and a through solutions to all the questions relating to the GSEB textbooks.

The purpose is to provide help to the students with their homework, preparing for the examinations and personal learning. These books are very helpful for the preparation of examination.

For more details about the GSEB books for Class 10, you can access the PDF which is as in the above given links for the same.

ask-a-doubt ask-a-doubt