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Maharashtra SSC (Class 10) Economic Development & Banking — practice questions — page 2

Explore 94 free Economic Development & Banking questions in Maharashtra SSC (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 31–60 of 94.

Banks make their profit primarily from:Read the answer and worked solution →Which of the following is a FORMAL source of credit?Read the answer and worked solution →The role of the RBI in the formal credit market includes:Read the answer and worked solution →When Indian rice is exported to Saudi Arabia AND Thai rice is imported into India, the chapter calls this:Read the answer and worked solution →A TARIFF is best described as:Read the answer and worked solution →Tata Motors purchasing Jaguar Land Rover (UK) is an example of:Read the answer and worked solution →CLASS10 · Socialscience · Indian Economy — SectorsRead the answer and worked solution →CLASS10 · Socialscience · Functions of MoneyRead the answer and worked solution →CLASS10 · Socialscience · Globalisation — True or FalseRead the answer and worked solution →CLASS10 · Socialscience · Sector Sort — Primary / Secondary / TertiaryRead the answer and worked solution →CLASS10 · Socialscience · Consumer Rights — PairRead the answer and worked solution →Activities like agriculture, mining, fishing, and forestry belong to which sector?Read the answer and worked solution →Manufacturing activities belong to which sector?Read the answer and worked solution →Banking, insurance, transport and storage belong to which sector?Read the answer and worked solution →Gross Domestic Product (GDP) isRead the answer and worked solution →Disguised unemployment is typically found in which sector?Read the answer and worked solution →Which sector employs the largest share of India's workforce despite contributing less to GDP?Read the answer and worked solution →MGNREGA (2005) was enacted to addressRead the answer and worked solution →The unorganised sector employsRead the answer and worked solution →Which one of these is part of the PUBLIC sector?Read the answer and worked solution →Which one is part of the PRIVATE sector?Read the answer and worked solution →'Sunrise sectors' in India's economy includeRead the answer and worked solution →Final goods areRead the answer and worked solution →Workers in the unorganised sector need protection mainly becauseRead the answer and worked solution →The proportion of workers in the unorganised sector among total workers in India is roughlyRead the answer and worked solution →'Underemployment' meansRead the answer and worked solution →Workers in the unorganised sector are best protected byRead the answer and worked solution →Money in its modern form isRead the answer and worked solution →Currency notes in India are issued byRead the answer and worked solution →A 'double coincidence of wants' is necessary inRead the answer and worked solution →

Worked practice questions

Banks make their profit primarily from:

  1. Government grants given to every bank annually
  2. Service charges levied on each transaction made
  3. Foreign exchange trading on currency markets
  4. The spread between loan interest and deposit interest
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Correct answer: D. The spread between loan interest and deposit interest

Banks accept deposits at low interest and lend at higher interest. The difference (SPREAD) is their profit. The other options are secondary or not the main source.

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Which of the following is a FORMAL source of credit?

  1. The village moneylender who lends to neighbours
  2. An employer giving an advance to a labourer
  3. Commercial banks regulated by the RBI
  4. A trader giving credit at his own shop counter
Show answer and solution

Correct answer: C. Commercial banks regulated by the RBI

Formal sources of credit are regulated by RBI: commercial banks, cooperative banks. Moneylenders, traders, employers, and family/friends are INFORMAL sources, unregulated.

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The role of the RBI in the formal credit market includes:

  1. Selling consumer products at subsidised prices
  2. Building roads and bridges across rural India
  3. Operating the largest network of post offices
  4. Supervising banks and printing currency
Show answer and solution

Correct answer: D. Supervising banks and printing currency

The RBI supervises all banks, sets cash reserve ratios, prints currency, licenses banks, audits them, and publishes credit reports. The other options describe roles of other government agencies.

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