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SAI INTERNATIONAL SCHOOL, BHUBANESWAR.
Class X: SOCIAL STUDIES – ECONOMICS

CHAPTER – 3 - MONEY AND CREDIT (PAGE NO. 44-47)
HOME ASSIGNMENT

MCQ

SR. QUESTION MARKS PAGE
NO. NO.
1 Q- Correct the following statement and rewrite: 1 45
Interest rate, collateral and documentation requirement,
and the mode of repayment together comprise what is
called the collateral assert.
2 Q- Correct the following statement and rewrite: 1 44
If the lenders fails to repay the loan, the borrower has the right
to sell the asset or collateral to obtain payment.
3 Q- In the question given below, there are two statements 1 45
marked as Assertion (A) and Reason (R). Read the
statements and chose the correct option:
Assertion (A): Collateral is an asset that the borrower owns
such as building, land, vehicle etc.
Reason (R): For loan borrower can withdraw the
guarantee as and when she/he wants.
Options:
A. Both A and R are true and R is the correct
explanation of A.
B. Both A and R are true but R is not the correct
explanation of A.
C. A is correct but R is wrong.
D. A is wrong but R is correct.
4 Q- In the question given below, there are two statements 1
marked as Assertion (A) and Reason (R). Read the
statements and chose the correct option:
Assertion (A): Beside the interest charge on the loan, the
trader also makes the farmers promise to sell the crop to
him.
Reason (R): This way the traders can ensure that the
money is repaid promptly.
Options:
A. Both A and R are true and R is the correct
explanation of A.
B. Both A and R are true but R is not the correct