Practice Loan Activities of Banks - 3.4 | 3. MONEY AND CREDIT | CBSE 10 Economics
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skillsβ€”perfect for learners of all ages.

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define collateral.

πŸ’‘ Hint: Think about what you would offer a bank as security for a loan.

Question 2

Easy

What are self-help groups?

πŸ’‘ Hint: Consider the benefit of pooling savings.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary role of banks in the economy?

  • To lend money
  • To collect deposits
  • Both A and B

πŸ’‘ Hint: Think about how banks operate.

Question 2

True or False: Credit can sometimes lead borrowers into a debt trap.

  • True
  • False

πŸ’‘ Hint: Consider the impact of high-interest rates on repayment.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A business owner takes a loan from both a bank and an informal lender. Analyze how the different interest rates might affect the owner's financial decisions.

πŸ’‘ Hint: Consider the implications of managing multiple loans.

Question 2

If a self-help group experiences irregular savings contributions, what might be the consequences for its members?

πŸ’‘ Hint: Think about how group cohesion affects financial support.

Challenge and get performance evaluation