Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the primary focus of the 10th class NCERT economics chapter on money and credit?
What is the primary focus of the 10th class NCERT economics chapter on money and credit?
- The use of money in daily transactions
- The role of money in the economy and the functioning of banks (correct)
- The impact of inflation on money and credit
- The history of money and credit systems
What is one of the key functions of a bank in the context of money and credit?
What is one of the key functions of a bank in the context of money and credit?
- Providing loans and credit to individuals and businesses (correct)
- Collecting taxes on behalf of the government
- Regulating the value of money in the market
- Issuing currency notes and coins
What is the significance of credit in the economy?
What is the significance of credit in the economy?
- It has no impact on the overall economy
- It enables people to make purchases and investments without having cash in hand (correct)
- It reduces the need for banks to hold reserves
- It increases the value of money in circulation
Flashcards are hidden until you start studying
