Worksheets › Class 10 › Money and Credit

Class 10 Money and Credit worksheet

CBSE Social Science. Barter and money, banks, terms of credit, formal and informal loans, interest and self-help groups. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.

Open a printable sample sheet

Sample questions

Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.

Section A · multiple choice

1.
Money acts as a go-between in exchange, so it is a:
1. collateral
2. double coincidence
3. store of value only
4. medium of exchange
Answer
(d) medium of exchange
2.
Which of these is an example of formal credit?
1. a loan from relatives or friends
2. a loan from an employer
3. a crop loan from a nationalised bank
4. a loan from a landlord
Answer
(c) a crop loan from a nationalised bank
3.
What is meant by “medium of exchange”?
1. an order to a bank to pay someone
2. each side wants what the other has
3. money as the go-between in exchange
4. a group of 15–20 people pooling savings
Answer
(c) money as the go-between in exchange

Section B · short answer

4.
Why is money called a medium of exchange?
Answer
It acts as a go-between, so people can exchange goods without needing a double coincidence of wants.
5.
Formal or informal credit? (a) a loan from a cooperative society (b) a loan from a landlord
Answer
(a) formal (b) informal

Section C · long answer

6.
How do banks act as a link between savers and borrowers?
Answer
People deposit savings and earn interest; banks lend most of these deposits to borrowers at higher interest, keeping some cash for withdrawals.

Fresh sheets for your child

In the app, every Money and Credit sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.

Coming soon for Android and iPhone.