Economics Money and Credit Worksheet - X, 2024-25

 **Three marks questions.** 1. Give an example to show that double coincidence of wants is necessary in a barter system. 2. What are demand deposits? 3. The rupee is widely accepted as a medium of exchange\'. Explain. 4. How do banks mediate between those who have s...

 **Three marks questions.** 1. Give an example to show that double coincidence of wants is necessary in a barter system. 2. What are demand deposits? 3. The rupee is widely accepted as a medium of exchange\'. Explain. 4. How do banks mediate between those who have surplus money and those\ who need money? 5. State three disadvantages of the barter system. 6. Why are terms of credit required for a loan or credit? 7. Analyze the role of credit for development. 8. Explain with an example that credit plays a vital and positive role. 9. Give an example to show that credit makes a person worse off. 10. How are cooperatives functioning in the rural areas to solve the problem of credit? **Five marks questions.** 1. In what ways, the Reserve Bank of India supervises the functioning of banks? 2. Which are the two major sources of formal sectors in India? Why do we need to expand the formal sources of credit? 3. 'Cheap and affordable credit is crucial for the country\'s development\'. Explain in five points. 4. Most of the poor households are still dependent on informal sources of credit\'. Explain the statement. 5. Explain the structure of SHGs. 6. What are the advantages of SHGs? 7. Differentiate between formal and informal sources of credit.