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MA
Question Practice

What is a potential drawback of 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

What is a potential drawback of credit?

Single Answer MCQ
Q-00015828

What is a potential drawback of credit?

1

It is always beneficial

2

It may lead to debt

3

It helps improve credit scores

4

It increases cash flow

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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?

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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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