Read the following case and choose the correct option :
Megha has taken a loan of ₹ 5 lakhs from bank to purchase a house. The annual rate on the loan is 12% and loan is to be repaid in 5 years in monthly instalments.
The 12% interest charged by the bank to Megha is related to which of the following ?
Class 10 · Social Science · CBSE Board · 2022–2026
Money and Credit — Class 10 Social Science PYQs
38 questions from this chapter, asked in 5 Class 10 exams between 2022–2026 — every question paper set included, duplicates removed.
38questions
5Class 10 exams
2022–2026years covered
1 / 2 / 3 / 4mark values asked
Questions asked per year
Practice questions
Explain the different terms of credit.
Why does it become difficult for farmers in rural areas to take loans from government banks ? Read the following reasons and choose the most appropriate option :
I. Lack of collateral
II. Complicated procedure
III. Higher cost of borrowing
IV. Lack of awareness
Options :
Which of the following groups in urban India depend on informal sources to meet their credit needs ?
Arrange the following sources of credit in the most to least order to meet the credit requirement of rural households in India and choose the correct option :
I. Government
II. Cooperative Banks and Societies
III. Moneylenders
IV. Relatives and friends
Options :
Read the given source and answer the questions that follow :
Loans From Cooperatives
Passage
Besides banks, the other major source of cheap credit in rural areas are the cooperative societies (or cooperatives). Members of a cooperative pool their resources for cooperation in certain areas. There are several types of cooperatives possible such as farmers cooperatives, weavers cooperatives, industrial workers cooperatives, etc. Krishak Cooperative functions in a village not very far away from Sonpur. It has 2300 farmers as members. It accepts deposits from its members. With these deposits as collateral, the Cooperative has obtained a large loan from the bank. These funds are used to provide loans to members. Once these loans are repaid, another round of lending can take place.
Krishak Cooperative provides loans for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses.
(36.1) Cooperative societies come under which source of credit ?
(36.2) Mention any two sources of capital of cooperative societies.
(36.3) Explain the role of cooperative societies in increasing the income of farmers.
Read the given source and answer the questions that follow :
Arun's Story
Passage
Arun supervises the work of one farm labourer. Arun has seven acres of land. He is one of the few persons in Sonpur to receive bank loan for cultivation. The interest rate on the loan is 8·5 per cent per annum, and can be repaid anytime in the next three years. Arun plans to repay the loan after harvest by selling a part of the crop. He then intends to store the rest of the potatoes in a cold storage and apply for a fresh loan from the bank against the cold storage receipt. The bank offers this facility to farmers who have taken crop loan from them.
(36.1) Under which source does Arun's loan come ?
(36.2) Mention one important term of credit for taking a loan from the bank.
(36.3) How is Arun's loan beneficial ? Explain any two reasons.
Note : The following question is for Visually Impaired Candidates only in lieu of Q. No. 1.
Which one of the following supervise the functioning of formal sources of loan in India ?
Look at the given picture carefully and infer the income of the bank.
Why do lenders often require collateral before lending loan ? Choose the most suitable option from the following.
Why practise Money and Credit PYQs?
Money and Credit has appeared in 5 Class 10 Social Science exams we track between 2022–2026, with questions worth 1, 2, 3, 4 marks. CBSE Board examiners consistently reuse concepts and question patterns from this topic — practising its previous year questions is the most reliable way to know exactly what to expect in your exam.
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