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Curriculum-aligned learning paths for students in Classes 6-12.

CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

How do banks primarily earn income?

Single Answer MCQ
Q-00045409

How do banks primarily earn income?

1

By charging low fees for account maintenance

2

By offering high-interest rates on savings accounts

3

By charging higher interest rates on loans than they pay on deposits

4

By investing in government bonds

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What is the role of credit in economic development?

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Explain the concept of formal and informal sources of credit.

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Q3.

What is the primary function of modern money?

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Q4.

Which of the following is NOT considered modern money?

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