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Class 10 Social Science — Chapter 13: Money and Credit
6 practice questions · 2 Easy · 2 Medium · 2 Hard
Free NCERT-aligned multiple-choice practice for Class 10 Social Science, Chapter 13 (Money and Credit). Practise timed Easy, Medium and Hard quizzes with instant explanations — built for CBSE Board exams, JEE Main and NEET UG. Here are a few sample questions; sign in free to practise all 6.
Sample questions
Q1Easy
Money replaced the system of:
A.Barter✓ correct
B.Credit only
C.Donation
D.Inheritance
Why
Money solved the 'double coincidence of wants' problem.
Q2Medium
Formal sources of credit include:
A.Banks and cooperatives✓ correct
B.Moneylenders
C.Friends and family
D.Loan sharks
Why
RBI supervises banks/cooperatives — formal.
Q3Hard
Debt-trap occurs when:
A.A borrower can't repay loan and falls deeper into debt✓ correct
B.Loan is repaid
C.Bank closes
D.Interest is zero
Why
Common with informal high-interest loans.
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