10th Class Social Science Money and Credit Question Bank 10th CBSE Social Science Money and Credit

  • question_answer                                           Analyse the role of credit for development.  

    Answer:

                      (i) It helps in increasing economic activities of the country; thus, helps in its development. (ii) If credit is made available to the poor people at reasonable rates, they can improve their economic condition. It will further improve their standard of living and overall development. (iii) Credit helps in the development of secondary sector or manufacturing sector.


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