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CBSE Class 10 Economic Development & Banking — practice questions — page 9

Explore 404 free Economic Development & Banking questions in CBSE Class 10 Social Science. Open each question or exercise to read its content, reference answers and available explanation.

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Economic Development & Banking questions and exercises with answers

Showing questions 241–270 of 404.

Compared with formal lenders, most informal lenders charge what?Read the answer and worked solution →Why do many poor people fail to get bank loans?Read the answer and worked solution →Why do moneylenders often lend without collateral?Read the answer and worked solution →How many members does a typical Self Help Group have?Read the answer and worked solution →After a year or two of regular savings, an SHG becomes eligible for what?Read the answer and worked solution →Why are banks willing to lend to poor women in SHGs?Read the answer and worked solution →Who founded Grameen Bank, which won him the 2006 Nobel Peace Prize?Read the answer and worked solution →Grameen Bank began in the 1970s in which country?Read the answer and worked solution →Under which NABARD programme do SHGs borrow from banks?Read the answer and worked solution →What is a multinational corporation (MNC)?Read the answer and worked solution →Until the middle of the twentieth century, what mainly connected distant countries?Read the answer and worked solution →Why do MNCs set up production where labour is cheap?Read the answer and worked solution →A firm designs in the USA, makes parts in China and serves customers from India. Production isRead the answer and worked solution →Why is India chosen by MNCs for customer care call centres?Read the answer and worked solution →Investment made by multinational companies in another country is calledRead the answer and worked solution →What is the most common route for MNC investment in a country?Read the answer and worked solution →Which American MNC bought over the Indian company Parakh Foods?Read the answer and worked solution →Which goods are made by many small producers for large MNC orders?Read the answer and worked solution →Large MNCs buying from small producers can determine price, quality, delivery andRead the answer and worked solution →In which year did Ford Motors come to India to set up its plant near Chennai?Read the answer and worked solution →Ford Motors set up its Indian plant in collaboration with which Indian firm?Read the answer and worked solution →What does foreign trade let producers do?Read the answer and worked solution →How does import help buyers?Read the answer and worked solution →In the toy example, Chinese toys won Indian buyers mainly because they wereRead the answer and worked solution →In the toy example, how many toy shops replaced Indian toys within a year?Read the answer and worked solution →When trade opens between two countries, prices of similar goods tend toRead the answer and worked solution →Foreign trade connecting markets in different countries is calledRead the answer and worked solution →Globalisation is best described as theRead the answer and worked solution →Which two flows mainly drive globalisation?Read the answer and worked solution →Which kind of movement between countries has NOT grown much in recent decades because of restrictions?Read the answer and worked solution →

Worked practice questions

Compared with formal lenders, most informal lenders charge what?

  1. A much higher interest
  2. A much lower interest
  3. No interest at all
  4. The same interest
Show answer and solution

Correct answer: A. A much higher interest

Most informal lenders charge a much higher interest rate than formal lenders.

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Why do many poor people fail to get bank loans?

  1. Banks do not exist
  2. They lack collateral
  3. Banks only lend to women
  4. Loans are interest free
Show answer and solution

Correct answer: B. They lack collateral

Absence of collateral is a major reason that prevents the poor from getting bank loans.

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Why do moneylenders often lend without collateral?

  1. They follow RBI rules
  2. They know borrowers personally
  3. They charge no interest
  4. They keep careful records
Show answer and solution

Correct answer: B. They know borrowers personally

Moneylenders know the borrowers personally, so they are willing to lend without security.

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