SHALOM HILLS INTERNATIONAL SCHOOL

Class – X (Economics)
Ch-3 Money and Credit
Worksheet 1
Level-1
1. Are golden seals a modern form of money or ancient form of money?
2. How does money act as a medium of exchange?
3. Why are the Demand deposits considered as money and what are its advantages?

4. Explain the term Debt Trap. Why is it more rampant in rural areas?

5. ‘’Money has made transactions easy’’. Explain.

Level - 2

1. What do you understand by Barter system?

2. Explain ‘’Double Coincidence of Wants’’.
3. Explain with examples how the terms of credit can be un favourable for the small farmers.
4. Which institution supervises the functioning of formal sources if credit in India and How?
5. Explain the impact of India’s relations with the other countries of the world through land
routes.

Level – 3

1. What are the modern forms of money?

2. Why do lenders ask for collateral while lending?
3. Why is it necessary for the banks and cooperative societies to increase their lending
capacities in rural areas? Explain.
4. ‘’Credit has its own unique role for development”. Justify.

5. ‘’Deposits with the banks are beneficial to the depositors as well as to the nation’’.
Elaborate with reasons.