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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 typically make a ...

Single Answer MCQ
Q-00045474

How do banks typically make a profit from loans?

1

Charging lower interest on deposits

2

Investing depositors' money in stocks

3

Collecting higher interest on loans than paid on deposits

4

Making loans only to large corporations

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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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