NCERT Solutions for Class 10 Social Science Understanding Economic Development Chapter 3 - Money and Credit PDF Download
NCERT Solutions for Social Chapter 3 Money and Credit Class 10 PDF
FAQs on NCERT Solutions for Social Chapter 3 Money and Credit Class 10 PDF
1. What is the Need for NCERT Solutions for Class 10 Economics Chapter 3 Money and Credit?
Ans: The NCERT Solutions Class 10 SST Economics Chapter 3 would help you with deep-rooted preparation for your examinations. Being concise and well-structured, these solutions are your gateway to exam success.
2. How can you Prepare High-Scoring Answers for Money and Credit?
Ans: In order to prepare high-scoring answers, it is imperative that your basics are clear. NCERT Solutions for Class 10 Social Science Economics chapter money and Credit would help you clear your doubts.
3. How vital is it to Follow NCERT Guidelines for Ch 3 Eco Class 10?
Ans: It is quite crucial to follow the NCERT guidelines so that you can score better. The NCERT guidelines would also help you to study smartly and score better grades.
4. What are aspects discussed in NCERT Solutions for Chapter 3 of Class 10 Social Science?
Ans: Chapter 3 of Class 10 Social Science Money and Credit is a very interesting chapter. The main aspect in this chapter is the usage of money in different forms and at different times. This chapter has also given a clear explanation of the modern forms of money and their relationship with the banking systems. The chapter is very well explained in the NCERT Solutions for Class 10 Social Science. The student will be benefited and can prepare very easily.
5. Is it vital to learn about money and credit from NCERT Solutions for Chapter 3 of Class 10 Social Science?
Ans: Yes, it is very important to learn about money and credit from NCERT Solutions for Chapter 3 of Class 10 Social Science because it's an important aspect to know about money and its different forms. Money is also an important factor in the economic development of the country. Learning Chapter 3 of Class 10 Social Science from NCERT Solutions on Vedantu will make the preparation easier for students as each topic’s explanation is in detail.
6. What are the important factors to be analysed to take a loan in setting up a business according to Chapter 3 of Class 10 Social Science?
When considering starting a business and seeking for a loan, one must consider if a loan from a bank or a lender would be more helpful. The next stage is to determine who is interested in both instances. The option should be whoever charges the lowest interest rate. The next step is to calculate the amount and form of repayment to be made to the lender or bank. The next step is to prepare all of the required documentation for loan approval. Before starting, keep the following points in mind.
7. What is credit money according to Chapter 3 of Class 10 Social Science?
Ans: The transactions in which the money is not paid at the same time but in the future as per the agreement between the borrower and the supplier is called credit. The credit plays an important role to meet the expenses of the production and its completion on time and it is a method of increasing the earnings which could have been hindered because of the shortage of money at that particular moment.
8. What do banks do with the money of the investor as explained in Chapter 3 of Class 10 Social Science?
Ans: When the investors deposit the money in the bank, only a small portion of the deposit is kept in the form of cash by the bank. The other portions are given out as loans. There is a demand for loans for different economic activities. The bank charges a higher rate of interest on loans and the interest given to the depositors is less. The difference between the two is the bank's income.