Skip to main content

Money and credit Class 10 economic notes,Quick revision ,notes,cbse,state board

 Money and credit

Class 10 economic notes

   Quick revision notes





  Digieducation

Important Terms

Money: It means anything chosen by common consent as a medium of exchange.

Credit: It refers to the activity of borrowing and lending money between two parties.

Financial System: A system which deals with the management of public money collected from tax.
.
Banking: The activity of deposit, withdrawal of money and other related monetary activities.

Credit Money: The money whose money value is greater than the commodity value of the material from which the money is made is known as credit money.

Standard Money: The legal money, in which the government discharges its obligations is known as standard money.

Points to Remember

✿Bank is an institution which accepts deposits from public for the purpose of lending and investment.

✿Indian monetary system is the system of managing demand and supply of money by the reserve bank of india is known as indian monetary system

✿Reserve bank of india is the central bank of india which controls the monetary policy of the economy. It was established as shareholder bank.

✿Automated teller machines is a free standing self-service terminal performing 60% of tellers job quickly and at lesser cost.

✿Crossing of the cheque is drawing two parallel lines on the left side on top of a cheque is called crossing of the cheque.

✿Cash reserve ratio is minimum cash which a commercial bank needs to keep with itself as per the regulation of RBI.

✿Formal institutions are the institutions which are regulated by rules and regulations laid down by the government/RBI.

✿Informal institutions are self managed and they are out of the reach of rbi regulations due to their unorganised structure and way of working

✿Local moneylenders are informal institutions who lend money on the basis of nearness of the local population.



Class 10 economic notes,

Quick revision notes

Cbse 

State board 

Student...

#digieducation

@digieducation


Digieducation


Labels:

Comments

Post a Comment

Thanks for your comments

Read this Article

Top Ubuntu Keyboard Shortcuts to Boost Your Productivity

💻 Top Ubuntu Keyboard Shortcuts to Boost Your Productivity If you're using Ubuntu Linux, mastering keyboard shortcuts can save you a ton of time and make your workflow much smoother. Whether you're navigating windows, managing files, or using the terminal, here are the most useful Ubuntu shortcuts every user should know. 🖥️ System and Window Management Shortcuts Shortcut Action Super Open Activities overview Alt + Tab Switch between open applications Super + ← / → Snap window to left/right half of the screen Ctrl + Alt + T Open Terminal Alt + F4 Close current window 🗂️ Workspaces and Multitasking Shortcuts Shortcut Action Ctrl + Alt + ← / → Switch between workspaces Shift + Ctrl + Alt + ← / → Move window to another workspace Super + Page Up / Down Navigate through workspaces 📁 File Manager (Nautilus) Shortcuts Shortcut Action Ctrl + L Focus address bar Ctrl + H Show/hide hidden files F2 Rename fi...
Post a Comment
Read more

Space-Time Fabric-what-how-why-science

 Space-Time Fabric: A Complete Overview The concept of space-time fabric originates from Albert Einstein’s General Theory of Relativity (1915). It describes how gravity is not just a force (as Newton thought) but rather the curvature of space and time caused by mass and energy. This explanation transformed our understanding of the universe. Read More Our Solar system Earth vs Mars Is it time travel possible! Space-Time Fabric The Unity of the Universe 1. What is Space-Time? The Four-Dimensional Continuum In classical physics, space and time were seen as separate entities: Space: A three-dimensional framework (length, width, height). Time: A separate, independent dimension that flows uniformly. However, Einstein’s Special Relativity (1905) showed that space and time are deeply linked, forming a four-dimensional continuum called space-time: 1. Three spatial dimensions (X, Y, Z – length, width, height). 2. One time dimension (T – the passage of time). Thus, events in the...
Post a Comment
Read more

Questions from potentiometer

  Potentiometer Questions from potentiometer Q1. Why is a potentiometer preferred over a voltmeter for measuring the emf of a cell? Ans. Potentiometer work on null method, It does not draw any current from the cell thus there there is no potential drop due to the internal resistance of the cell. It measures the potential difference in an open circuit which is equal to the actual EMF of the cell. It is very accurate device. On the other hand, voltmeter draw small current from the cell for its operation. So it measures terminal potential difference in a closed circuit which is less than EMF of the cell Q2. The sensitivity of a potentiometer increases with increase in length of its wire. Explain why? Ans. When the length of the wire increases the fall of potential per unit length of the wire become smaller (i.e potential gradient K= V/L ). Hence even a small potential difference can be measured. Q3. Sometime the balance point in the potentiometer may not be obtained on the wire ...
Post a Comment
Read more