Class 10 Economics Chapter 3: Money and Credit — 1 Marker Important Questions
Practice Money and Credit 1 Marker important questions and mock-test sets for CBSE revision.
Topic-wise important and practice questions
Review question distribution across chapter topics for 1 Mark questions.
| Topic | 1 Mark |
|---|---|
| Self-Help Groups | 4 |
| Formal Sector Credit | 3 |
| Modern Forms of Money | 4 |
| Sonpur Credit Arrangements | 3 |
| Cheap and Affordable Credit | 2 |
| Credit Outcomes | 3 |
| Credit and Development | 3 |
| Double Coincidence of Wants | 4 |
| Loan Activities of Banks | 3 |
| SHGs and Development | 3 |
| Demand Deposits and Cheques | 2 |
| Collateral | 2 |
| Cooperative Credit | 1 |
| Money as a Medium of Exchange | 2 |
| Terms of Credit | 0 |
| Currency and RBI | 3 |
| Informal Sector Credit | 2 |
| Access to Formal Credit | 1 |
| Banks as Financial Intermediaries | 2 |
| Role of RBI | 2 |
| Rural Crop Credit | 1 |
1 Marker Preparation & Exam Strategy
1 Mark very short answer questions for Class 10 Economics Money and Credit focus on direct definitions, standard units, core formulas, and precise single-line explanations.
- Keep answers crisp and strictly to the point—usually 1 to 2 sentences or a specific keyword.
- Include SI units and correct scientific or mathematical symbols in numerical or formula questions.
- State precise NCERT terminology rather than vague general descriptions.
Sample Questions
Q1. Define the primary term introduced in Money and Credit.
Model Answer: The primary concept in Money and Credit represents the foundational relationship or definition established in the NCERT textbook.
Q2. State the SI unit or standard measure associated with key quantities in Money and Credit.
Model Answer: Standard metric SI units are used, with derived units clearly expressed in base physical dimensions.
Q3. Give one everyday application or natural occurrence of the phenomena in Money and Credit.
Model Answer: Phenomena in Money and Credit are commonly observed in daily environmental, physical, or biological interactions aligned with the curriculum.