1 2 3 4 5 6 7 8 9 10

Full Marks - Social Science

3. Money and Credit

History 1. The Rise of Nationalism in Europe
2. The Nationalism Movement in Indo-China
3. Nationalism in India
4. The Making of a Global World
5. The Age of Industrialisation
6. Work, Life and Leisure: Cities in the Contemporary World
7. Print Culture and the Modern World
8. Novels, Society and History
Geography 1. Resources and Development
3. Water Resources
4. Agriculture
5. Minerals and Energy Resources
6. Manufacturing Industries
7. Lifelines of National Economy
Political Science 1. Power Sharing
2. Federalism
3. Democracy and Diversity
4. Gender, Religion and Caste
6. Political Parties
7. Outcomes of Democracy
8. Challenges to Democracy
Economics 1. Development
2. Sectors of the Indian Economy
3. Money and Credit
4. Globalisation and the Indian Economy
5. Consumer Rights

Test Your Skills

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Q. 9

Why do banks ask

Class 10th Full Marks - Social Science 3. Money and Credit

Answer :

Banks ask for collateral since this collateral provides a guarantee to the bank that the loan will be repaid. Incase a person cannot pay back the loan, they

The bank can seize the collateral and has the right to use it in order to make the money it loaned out back.This secures the bank’s position for lending credit.

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