Lesson Plan

Class -10th SUBJECT: SOCIAL SCIENCE

Duration – 6 Periods

Topic :– Money and Credit (Economics)

Sub Topics – (i) Functions of Money
(ii)Modern forms of Money
(iii) Functions of Bank
(iv) Formal and informal sources of credit
(v) Need of expansion of formal source of credit in rural areas

GIST OF THE LESSON:

Money:
Money acts as an intermediate in the exchange process & it is called medium of exchange.
Double coincidence of wants:
When in the exchange, both parties agree to sell and buy each others commodities it is
called double coincidence of wants.
Demand Deposits in Bank:
Deposits in the bank account that can be withdrawn on demand.
Cheque:
Paper instructing the bank to pay a specific amount from a person’s account to the person in
whose name the cheque is drawn.
Reserve Bank of India:
It is the central bank of India which controls the monetary policy of the country.
Credit:
The activity of borrowing and lending money between two parties.
Collateral:
Collateral is an asset that the borrower owns (such as land, building, vehicle, livestock,
deposits with banks)
Terms of Credit:
Interest rate, collateral and documentation requirement, and the mode of repayment
together comprise what is called the terms of credit.
Self Help Groups:
The Self Help Groups (SHGs) have been set in India with an aim to help the rural poor,
especially women.
Learning Objectives:-

❖ Mention the functions of money

❖ Enlist the modern forms of money

❖ Examine the functions of bank

❖ Distinguish between formal source and informal source credit

❖ Focus on the need of expansion of formal source of credit in rural areas

Learning Outcomes :-

After learning the chapter student will be able

• To recognise the need of money

• To analyse the significance of modern forms of money

• To realise the virtuous and vicious aspects of credit

• To develop the spirit of inquiry and research

Previous Knowledge Testing Strategy/Motivation

➢ What is the role of seashells (Cowries) during Indus Valley Civilization?

➢ What was the medium of exchange/Transaction during Mughals?

➢ What is Barter System?

Sub Topic Teaching Strategy

Introduction of the concept of money Interaction ,Showcasing video,Questioning

Function of money Explanation with the help of flow chart

Modern form of money Discussion with the help of collage

Function of bank Visit to bank

Various sources of credit Brainstorming,Discussion

Need of expansion of formal source of Debate

credit in rural areas

Tools / Teaching Aids / Resources :-

➢ NCERT Book

➢ Images of coins

➢ Video clippings

➢ Use of multimedia
➢ Flow chart

➢ Library recourses

➢ Visit to local bank

➢ Journals (Role of reserve bank)

Technical Terms/Vocabulary:-

• Credit

• Barter system

• Demand deposit

• Collateral

• Debt trap

• Mortgage

METHOD OF TEACHING:

• Question and Answer method.

• Story Telling method

CLASS ROOM ACTIVITY BY THE TEACHER :-

The teacher asks the questions like…

• What is Credit?
• What are the old forms of Money?
• How Banks help the people?
• Which are modern forms of Money?
The teacher tells a story of Ramana, a rural farmer who is in need of credit
and how he faced many problems to get the credit.

CLASS ROOM ACTIVITY BY THE STUDENTS:-

The Students will give the answers to the to questions asked by the teacher.
They will be able to understand the situation of rural farmers in getting credit by
listening the story of Ramana.

INNOVATIVE PRACTICES TO BE USED:

The students will be able to help the rural needy people to

get credit from banks. They will be able to guide the people by explaining the sources
of credit and help them in depositing and withdrawal of money from banks.
EXPECTED BEHAVIOURAL OUT COMES:

The students will be able to

• Recall the lesson ' Money and Credit.
• Differentiate the types of loans.

RECAPITULATION QUESTIONS:

• What do you mean barter system?

• What are the activities of banks?
• How are Self help groups will be formed?

ASSIGNMENT:

ABOVE AVERAGE STUDENTS (HOTS)

o `Most of the poor households are still dependent on informal sources of credit’ . Explain

o Why should the bank and co-operative societies provide more loan facilities to the rural
household in India?

❖ Interview with bank official

AVERAGE STUDENTS:

o Give any three limitations of the barter system.

o Distinguish between formal source and informal source of credit.

SUPPORTIVE LEARNERS:(MCQ)

▪ Which organization issues currency notes in India

a) State bank of India b) Reserve bank of India

c) Ministry of finance d) None of the above

Very short question

1) What is money?

2) What is barter system?

 Assessment technique:-
Comparative study of exchange rates of rupees with other

currency(Dollar)Visit to bank

Remedial strategy:-
▪ Re - taught of main contents of lesson through extra classes

▪ Extra assignments and worksheets will be provided to students

▪ Drilling of simple technical terms by written practice.

▪ Encourage oral expression instead of written reports by oral practice.

METHOD OF EVALUATION:

The students will be evaluated by…

• Assignment
• PWT
• Oral quiz
• Group Discussions

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Prepared by……

Bhaskara Achari.V
PGT-History
Jawahar Navodaya Vidyalaya
Mahabubnagar Dist-TS