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MA
Question Practice

In which situation did Salim use credit?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

In which situation did Salim use credit?

Single Answer MCQ
Q-00015873

In which situation did Salim use credit?

1

To buy a new house

2

To finance his vacation

3

To cover production costs for shoes

4

To lend money to Swapna

Previous QuestionNext Question
Keep Practising

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is the role of credit in economic development?

Single Answer MCQ
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Q2.

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?

Single Answer MCQ
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