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    Economics - Class: X Chapter - 3: Money & Credit Assignment - 3 Date: 27.10.2020

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    Santanu
    This document contains an economics assignment on the topic of money and credit. It includes 8 questions about terms related to loans and credit such as terms of credit, collateral, sources of cheap rural credit besides banks, differences between formal and informal sector loans, the role of the Reserve Bank of India regarding formal sector loans, reasons why banks and cooperatives need to lend more, why cheap credit is crucial for a country's development, and the definition and importance of self-help groups for rural areas including possible uses of funds provided by them.

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    Economics - Class: X Chapter - 3: Money & Credit Assignment - 3 Date: 27.10.2020

    Uploaded by

    Santanu
    36 views1 page
    This document contains an economics assignment on the topic of money and credit. It includes 8 questions about terms related to loans and credit such as terms of credit, collateral, sources of cheap rural credit besides banks, differences between formal and informal sector loans, the role of the Reserve Bank of India regarding formal sector loans, reasons why banks and cooperatives need to lend more, why cheap credit is crucial for a country's development, and the definition and importance of self-help groups for rural areas including possible uses of funds provided by them.

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    eco-oct work2

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    This document contains an economics assignment on the topic of money and credit. It includes 8 questions about terms related to loans and credit such as terms of credit, collateral, sources of cheap rural credit besides banks, differences between formal and informal sector loans, the role of the Reserve Bank of India regarding formal sector loans, reasons why banks and cooperatives need to lend more, why cheap credit is crucial for a country's development, and the definition and importance of self-help groups for rural areas including possible uses of funds provided by them.

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    36 views1 page

    Economics - Class: X Chapter - 3: Money & Credit Assignment - 3 Date: 27.10.2020

    Uploaded by

    Santanu
    This document contains an economics assignment on the topic of money and credit. It includes 8 questions about terms related to loans and credit such as terms of credit, collateral, sources of cheap rural credit besides banks, differences between formal and informal sector loans, the role of the Reserve Bank of India regarding formal sector loans, reasons why banks and cooperatives need to lend more, why cheap credit is crucial for a country's development, and the definition and importance of self-help groups for rural areas including possible uses of funds provided by them.

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    ECONOMICS – CLASS: X

    CHAPTER – 3: MONEY & CREDIT


    ASSIGNMENT – 3 DATE: 27.10.2020

    Q. 1. What is meant by “Terms of Credit”? (2)

    Q. 2. Define the term “Collateral”. (2)

    Q. 3. What is another source of cheap credit in rural areas other than banks? Give example. (3)

    Q. 4. Define Formal and Informal Sector loans with two examples of each? How can you say
    that formal sector is better than the informal sector? (3)

    Q. 5. Explain the role of The Reserve Bank of India with respect to formal sector loans. (3)

    Q. 6. What are the possible reasons for Banks and Cooperative societies need to lend more? (3)

    Q.7. Why do you think that the cheap and affordable credit is crucial for the country’s
    development? (4)

    Q.8. Define SHGs. How these groups are important for rural sector? What are the possible uses
    of funds provided by the SHGs? (5)

    *********

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