Economics Class 10 NCERT Solutions Chapter 3 is considered an extremely helpful resource for preparing for Board Exams. Chapter 3 of NCERT Class 10 Economics facilitates knowledge on the two most crucial aspects of the Economy, Money and Credit. In order to be precise, there exist a plethora of concepts related to money and credit. Students must clear their concepts on Ch 3 Economics Class 10 to build a solid foundation.
With the help of these solutions, you can score good marks in your final examinations. Undoubtedly, nowadays, there are ample learning hacks that allow students to bolster his/her preparation. The Money and Credit Class 10 NCERT Solution are formulated in a simple style that enables a student of any calibre to understand them pretty easily. Subjects like Science, Maths, English ,Hindi and Social Science will become easy to study if you have access to NCERT Solution for Class 10 Science, Maths solutions and solutions of other subjects. You can also download NCERT Solutions for Class 10 Maths to help you to revise complete syllabus and score more marks in your examinations.
1. What is the Need for NCERT Solutions for Class 10 Economics Chapter 3 Money and Credit?
Ans: The NCERT Solutions Class 10 SST Economics Chapter 3 would help you with deep-rooted preparation for your examinations. Being concise and well-structured, these solutions are your gateway to exam success.
2. How can you Prepare High-Scoring Answers for Money and Credit?
Ans: In order to prepare high-scoring answers, it is imperative that your basics are clear. NCERT Solutions for Class 10 Social Science Economics chapter money and Credit would help you clear your doubts.
3. How vital is it to Follow NCERT Guidelines for Ch 3 Eco Class 10?
Ans: It is quite crucial to follow the NCERT guidelines so that you can score better. The NCERT guidelines would also help you to study smartly and score better grades.
4. What are aspects discussed in NCERT Solutions for Chapter 3 of Class 10 Social Science?
Ans: Chapter 3 of Class 10 Social Science Money and Credit is a very interesting chapter. The main aspect in this chapter is the usage of money in different forms and at different times. This chapter has also given a clear explanation of the modern forms of money and their relationship with the banking systems. The chapter is very well explained in the NCERT Solutions for Class 10 Social Science. The student will be benefited and can prepare very easily.
5. Is it vital to learn about money and credit from NCERT Solutions for Chapter 3 of Class 10 Social Science?
Ans: Yes, it is very important to learn about money and credit from NCERT Solutions for Chapter 3 of Class 10 Social Science because it's an important aspect to know about money and its different forms. Money is also an important factor in the economic development of the country. Learning Chapter 3 of Class 10 Social Science from NCERT Solutions on CoolGyan will make the preparation easier for students as each topic’s explanation is in detail.
6. What are the important factors to be analysed to take a loan in setting up a business according to Chapter 3 of Class 10 Social Science?
Ans: While thinking of setting up a business and looking for a loan, one has to analyze whether taking a loan from the bank would be beneficial or from a lender. The next step is to know the interest in both cases. Whoever charges the least rate of interest should be the option. The next step is to make the calculations and mode of repayment to be made to the lender or to the bank. The next is to make all the eligible documents ready for loan approval. These are the few things to be noted before proceeding.
7. What is credit money according to Chapter 3 of Class 10 Social Science?
Ans: The transactions in which the money is not paid at the same time but in the future as per the agreement between the borrower and the supplier is called credit. The credit plays an important role to meet the expenses of the production and its completion on time and it is a method of increasing the earnings which could have been hindered because of the shortage of money at that particular moment.
8. What do banks do with the money of the investor as explained in Chapter 3 of Class 10 Social Science?
Ans: When the investors deposit the money in the bank, only a small portion of the deposit is kept in the form of cash by the bank. The other portions are given out as loans. There is a demand for loans for different economic activities. The bank charges a higher rate of interest on loans and the interest given to the depositors is less. The difference between the two is the bank's income.