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MA
Question Practice

What is the role of credit in economic development?

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 the role of credit in ...

Single Answer MCQ
Q-00002710

What is the role of credit in economic development?

1

Increases savings

2

Reduces investments

3

Facilitates borrowing

4

Decreases income

Previous QuestionNext Question
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Q1.

Explain the concept of formal and informal sources of credit.

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Q2.

What is the primary function of modern money?

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Q3.

Which of the following is NOT considered modern money?

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Q4.

What does it mean when currency is called 'fiat money'?

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