Brand Logo
Login
Search
Brand Logo

Edzy for Classes 6-12

Edzy is a personal AI tutor for CBSE and State Board students, with curriculum-aligned guidance, practice, revision, and study plans that adapt to each learner.

  • Email: always@edzy.ai
  • Phone: +91 96256 68472
  • WhatsApp: +91 96256 68472
  • Address: Sector 63, Gurgaon, Haryana

Follow Edzy

Browse by Class

  • CBSE Class 6
  • CBSE Class 7
  • CBSE Class 8
  • CBSE Class 9
  • CBSE Class 10
  • CBSE Class 11
  • CBSE Class 12
Explore the CBSE resource hub

Explore Edzy

  • Study Resources
  • Free Study Tools
  • Best Apps for Board Exams
  • Edzy vs ChatGPT
  • About Us
  • Why We Built Edzy
  • Blog
  • CBSE AI Tutor

Support & Legal

  • Help & FAQs
  • Accessibility
  • Privacy Policy
  • Terms & Conditions
  • Refund Policy
  • Cookie Policy
  • Site Directory

© 2026 Edzy. All rights reserved.

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

MA
Question Practice

What is 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 credit?

Single Answer MCQ
Q-00015871

What is credit?

1

A form of tax payment

2

An agreement for future payment in exchange for goods or services

3

A type of government subsidy

4

A fine imposed for late payment

Previous QuestionNext Question
Keep Practising

Students who asked this also explored

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
View explanation
Q2.

Explain the concept of formal and informal sources of credit.

Single Answer MCQ
View explanation
Q3.

What is the primary function of modern money?

Single Answer MCQ
View explanation
Q4.

Which of the following is NOT considered modern money?

Single Answer MCQ
View explanation