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SAI INTERNATIONAL SCHOOL, BHUBANESWAR.

Class X: SOCIAL STUDIES – ECONOMICS

CHAPTER – 3 - MONEY AND CREDIT (PAGE NO. 48 & 49)
HOME ASSIGNMENT

MCQ

SR. QUESTION MARKS PAGE
NO. NO.
1 Read and rewrite the statement. 1 48
The informal lenders include banks and cooperative societies.
2 Read and rewrite the statement. 1 48
The Reserve Bank of India supervises the functioning of
informal sources of loans.
3 Q- In the question given below, there are two statements 1 49
marked as Assertion (A) and Reason (R). Read the
statements and chose the correct option:
Assertion (A): There is no organization which supervise the
credit activities of lenders in the informal setor.
Reason (R): They can lend at whatever interest rate they
choose. There is no one to stop them from using unfair means
to get their money back.
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 49
marked as Assertion (A) and Reason (R). Read the
statements and chose the correct option:
Assertion (A): Higher cost of borrowing means a large part of
te earnings of the borrowers is used to repay the loan. Hence
borrowers have less income left for themselves.
Reason (R): In certain cases, the high interest rate for
borrowing can mean that the amount to be repaid is greater
than the income of the borrower.
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.