Class 10 Social Science — Chapter 20: Money and Credit
30 practice questions · 10 Easy · 10 Medium · 10 Hard
Practise Class 10 Social Science Chapter 20, "Money and Credit", with 30 NCERT-aligned multiple-choice questions. The set is split into 10 Easy, 10 Medium and 10 Hard questions, so you can warm up on the fundamentals and then push into the exam-level problems that separate top scorers in CBSE Board exams and the JEE & NEET foundation years.
"Money and Credit" is one of the chapters where dates, cause-and-effect reasoning and map/source interpretation really pays off. Each MCQ on this chapter is timed and uses exam-grade marking (+2 correct, −1 wrong, 0 skipped), training the same accuracy-under-pressure that real papers demand. Every question carries a short explanation, so a wrong answer becomes a quick lesson rather than a dead end — the fastest way to close gaps before a test.
Use this chapter as targeted revision: attempt the Easy set first to confirm your basics on Money and Credit, then move to Medium and Hard to test application and problem-solving. Your accuracy, streaks and XP save automatically, and the chapter feeds into your overall Class 10 Social Science mastery score. A few sample questions are shown below; sign in free to practise all 30.
Key concepts: Money and Credit (Class 10 Social Science)
This chapter explains why money is used, its modern forms, and how credit and banks work — and when credit helps or harms.
- Money as a medium of exchange
- Money removes the need for a double coincidence of wants required in barter.
- Modern forms of money
- Currency (notes and coins) and bank deposits; cheques let people pay without cash.
- Credit and its terms
- A loan involves interest, collateral, documentation and a mode of repayment (the 'terms of credit').
- Formal vs informal credit
- Formal sources (banks, cooperatives) are supervised by the RBI; informal sources (moneylenders) often charge very high interest.
- Self-Help Groups (SHGs)
- Small groups, often of women, that pool savings and provide affordable credit to members.
💡 Exam tips for Money and Credit
- Collateral and the terms of credit are the most-tested ideas.
- Use the two contrasting examples (credit that helps vs credit that traps) in answers.
Sample questions
Money replaced the system of:
Money solved the 'double coincidence of wants' problem.
Formal sources of credit include:
RBI supervises banks/cooperatives — formal.
Debt-trap occurs when:
Common with informal high-interest loans.
Money and Credit — FAQs
What are the key concepts in Class 10 Social Science Money and Credit?+
This chapter explains why money is used, its modern forms, and how credit and banks work — and when credit helps or harms. Key ideas include Money as a medium of exchange, Modern forms of money, Credit and its terms, Formal vs informal credit, Self-Help Groups (SHGs).
What does Class 10 Social Science Chapter 20 (Money and Credit) cover on XamBaaz?+
It covers 30 NCERT-aligned MCQs on "Money and Credit" — 10 Easy, 10 Medium and 10 Hard — each with a timed quiz and an instant explanation, suitable for CBSE Board exams and the JEE & NEET foundation years.
Are these "Money and Credit" questions free to practise?+
Yes — sign in with Google to practise "Money and Credit" free. Full unlimited access is ₹999/year (limited-time launch price), with no per-chapter charges.
How should I revise "Money and Credit" for the exam?+
Start with the Easy quiz to confirm your fundamentals, then attempt Medium and Hard for application-level practice. Review each explanation, retry the questions you miss, and track your accuracy on this chapter until it is consistently high.
Practise all 30 questions free
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