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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

In banking terms, what defines a 'loan'?

Single Answer MCQ
Q-00045415

In banking terms, what defines a 'loan'?

1

A savings account with interest

2

A sum of money borrowed that is paid back with interest

3

Money deposited in the bank

4

A bank's profit from investments

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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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