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Class 10 Exam  >  Class 10 Questions  >  A substitute of cash and cheque isa)credit ca... Start Learning for Free
A substitute of cash and cheque is
  • a)
    credit card
  • b)
    coin
  • c)
    currency
  • d)
    demand deposite
Correct answer is option 'A'. Can you explain this answer?
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A substitute of cash and cheque isa)credit cardb)coinc)currencyd)deman...
There are many substitute to cash and cheques. Credit card: Cash paid to the bank after using it in advance through credit card. Debit Cards: Prepaid card used to transfer money but to limited amount with very low fees and reliable way.
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A substitute of cash and cheque isa)credit cardb)coinc)currencyd)deman...
โ˜…๐“ฃ๐“ฑ๐“ฎ๐“ป๐“ฎ ๐“ช๐“ป๐“ฎ ๐“ถ๐“ช๐“ท๐”‚ ๐“ผ๐“พ๐“ซ๐“ผ๐“ฝ๐“ฒ๐“ฝ๐“พ๐“ฝ๐“ฎ ๐“ฝ๐“ธ ๐“ฌ๐“ช๐“ผ๐“ฑ ๐“ช๐“ท๐“ญ ๐“ฌ๐“ฑ๐“ฎ๐“บ๐“พ๐“ฎ๐“ผ.๐‘‡โ„Ž๐‘’๐‘Ÿ๐‘’ ๐‘Ž๐‘Ÿ๐‘’ ๐‘š๐‘Ž๐‘›๐‘ฆ ๐‘ ๐‘ข๐‘๐‘ ๐‘ก๐‘–๐‘ก๐‘ข๐‘ก๐‘’ ๐‘ก๐‘œ ๐‘๐‘Ž๐‘ โ„Ž ๐‘Ž๐‘›๐‘‘ ๐‘โ„Ž๐‘’๐‘ž๐‘ข๐‘’๐‘ .๐ถ๐‘Ÿ๐‘’๐‘‘๐‘–๐‘ก ๐‘๐‘Ž๐‘Ÿ๐‘‘: ๐ถ๐‘Ž๐‘ โ„Ž ๐‘๐‘Ž๐‘–๐‘‘ ๐‘ก๐‘œ ๐‘กโ„Ž๐‘’ ๐‘๐‘Ž๐‘›๐‘˜ ๐‘Ž๐‘“๐‘ก๐‘’๐‘Ÿ ๐‘ข๐‘ ๐‘–๐‘›๐‘” ๐‘–๐‘ก ๐‘–๐‘› ๐‘Ž๐‘‘๐‘ฃ๐‘Ž๐‘›๐‘๐‘’ ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž ๐‘๐‘Ÿ๐‘’๐‘‘๐‘–๐‘ก ๐‘๐‘Ž๐‘Ÿ๐‘‘.๐ท๐‘’๐‘๐‘–๐‘ก ๐ถ๐‘Ž๐‘Ÿ๐‘‘๐‘ : ๐‘ƒ๐‘Ÿ๐‘’๐‘๐‘Ž๐‘–๐‘‘ ๐‘๐‘Ž๐‘Ÿ๐‘‘ ๐‘ข๐‘ ๐‘’๐‘‘ ๐‘ก๐‘œ ๐‘ก๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ ๐‘š๐‘œ๐‘›๐‘’๐‘ฆ ๐‘๐‘ข๐‘ก ๐‘ก๐‘œ ๐‘™๐‘–๐‘š๐‘–๐‘ก๐‘’๐‘‘ ๐‘Ž๐‘š๐‘œ๐‘ข๐‘›๐‘ก ๐‘ค๐‘–๐‘กโ„Ž ๐‘ฃ๐‘’๐‘Ÿ๐‘ฆ ๐‘™๐‘œ๐‘ค ๐‘“๐‘’๐‘’๐‘  ๐‘Ž๐‘›๐‘‘ ๐‘Ÿ๐‘’๐‘™๐‘–๐‘Ž๐‘๐‘™๐‘’ ๐‘ค๐‘Ž๐‘ฆ.๐‘€๐‘œ๐‘›๐‘’๐‘ฆ ๐‘‚๐‘Ÿ๐‘‘๐‘’๐‘Ÿ: ๐ผ๐‘ก ๐‘–๐‘  ๐‘Ž ๐‘˜๐‘–๐‘›๐‘‘ ๐‘œ๐‘“ ๐‘๐‘’๐‘Ÿ๐‘ก๐‘–๐‘“๐‘–๐‘’๐‘‘ ๐‘โ„Ž๐‘’๐‘ž๐‘ข๐‘’๐‘  ๐‘กโ„Ž๐‘Ž๐‘ก ๐‘’๐‘›๐‘ ๐‘ข๐‘Ÿ๐‘’๐‘  ๐‘กโ„Ž๐‘Ž๐‘ก ๐‘“๐‘ข๐‘›๐‘‘๐‘  ๐‘Ž๐‘Ÿ๐‘’ ๐‘Ÿ๐‘’๐‘๐‘’๐‘–๐‘ฃ๐‘’๐‘‘.๐‘‚๐‘›๐‘™๐‘–๐‘›๐‘’ ๐น๐‘ข๐‘›๐‘‘ ๐‘‡๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ: ๐ผ๐‘›๐‘ก๐‘’๐‘Ÿ๐‘›๐‘’๐‘ก ๐‘ ๐‘’๐‘Ÿ๐‘ฃ๐‘–๐‘๐‘’๐‘  ๐‘ ๐‘ข๐‘โ„Ž ๐‘Ž๐‘  ๐‘๐‘Ž๐‘ฆ๐‘๐‘Ž๐‘™ ๐‘ข๐‘ ๐‘’๐‘‘ ๐‘๐‘ฆ ๐‘“๐‘Ÿ๐‘’๐‘’๐‘™๐‘Ž๐‘›๐‘๐‘’๐‘Ÿ๐‘  ๐‘Ž๐‘›๐‘‘ ๐‘๐‘™๐‘œ๐‘”๐‘”๐‘’๐‘Ÿ๐‘ .๐‘€๐‘œ๐‘๐‘–๐‘™๐‘’ ๐‘ƒ๐‘Ž๐‘ฆ๐‘š๐‘’๐‘›๐‘ก: ๐น๐‘ข๐‘›๐‘‘๐‘  ๐‘ก๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ๐‘Ÿ๐‘’๐‘‘ ๐‘ค๐‘–๐‘กโ„Ž ๐‘กโ„Ž๐‘’ โ„Ž๐‘’๐‘™๐‘ ๐‘œ๐‘“ ๐‘š๐‘œ๐‘๐‘–๐‘™๐‘’.๐ธ๐‘™๐‘’๐‘๐‘ก๐‘Ÿ๐‘œ๐‘›๐‘–๐‘ ๐‘‡๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ๐‘ : ๐‘‡๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ ๐‘œ๐‘“ ๐น๐‘ข๐‘›๐‘‘๐‘  ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž ๐‘Ž๐‘ข๐‘ก๐‘œ๐‘š๐‘Ž๐‘ก๐‘’๐‘‘ ๐‘š๐‘Ž๐‘โ„Ž๐‘–๐‘›๐‘’๐‘ .๐‘†๐‘œ๐‘š๐‘’ ๐‘œ๐‘กโ„Ž๐‘’๐‘Ÿ ๐‘ ๐‘ข๐‘๐‘ ๐‘ก๐‘–๐‘ก๐‘ข๐‘ก๐‘’๐‘  ๐‘๐‘ข๐‘ก ๐‘›๐‘œ๐‘ก ๐‘ฃ๐‘’๐‘Ÿ๐‘ฆ ๐‘š๐‘ข๐‘โ„Ž ๐‘ข๐‘ ๐‘’๐‘‘.๐‘Š๐‘–๐‘Ÿ๐‘’ ๐‘‡๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ: ๐‘ˆ๐‘ ๐‘–๐‘›๐‘” ๐‘ค๐‘–๐‘Ÿ๐‘’ ๐‘ก๐‘œ ๐‘ก๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ ๐‘“๐‘ข๐‘›๐‘‘๐‘  ๐‘‘๐‘–๐‘Ÿ๐‘’๐‘๐‘ก๐‘™๐‘ฆ ๐‘ก๐‘œ ๐‘กโ„Ž๐‘’ ๐‘๐‘Ž๐‘›๐‘˜ ๐‘Ž๐‘๐‘๐‘œ๐‘ข๐‘›๐‘ก ๐‘–๐‘  ๐‘š๐‘ข๐‘โ„Ž ๐‘’๐‘ฅ๐‘๐‘’๐‘›๐‘ ๐‘–๐‘ฃ๐‘’.๐ธ๐‘š๐‘Ž๐‘–๐‘™ ๐‘‡๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ: ๐‘ˆ๐‘ ๐‘’๐‘‘ ๐‘ก๐‘œ ๐‘ก๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ ๐‘“๐‘ข๐‘›๐‘‘ ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž ๐‘’๐‘š๐‘Ž๐‘–๐‘™, ๐‘ข๐‘ ๐‘ข๐‘Ž๐‘™๐‘™๐‘ฆ ๐‘Ž๐‘ฃ๐‘Ž๐‘–๐‘™๐‘Ž๐‘๐‘™๐‘’ ๐‘ค๐‘–๐‘กโ„Ž ๐‘œ๐‘›๐‘™๐‘–๐‘›๐‘’ ๐‘๐‘Ž๐‘›๐‘˜๐‘–๐‘›๐‘” ๐‘Ž๐‘›๐‘‘ ๐‘Ÿ๐‘’๐‘ž๐‘ข๐‘–๐‘Ÿ๐‘’๐‘  ๐‘Ž ๐‘Ÿ๐‘’๐‘๐‘–๐‘๐‘–๐‘’๐‘›๐‘ก ๐‘Ž๐‘›๐‘‘ ๐‘๐‘Ž๐‘ ๐‘ ๐‘ค๐‘œ๐‘Ÿ๐‘‘.
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Read the source given below and answer the questions that follows:Banks use the major portion of the deposits to extend loans. There is a huge demand for loans for various economic activities. Banks make use of the deposits to meet the loan requirements of the people. In this way, banks mediate between those who have surplus funds (the depositors) and those who are in need of these funds (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits. A large number of transactions in our day-to-day activities involve credit in some form or the other. Credit (loan) refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. In rural areas, the main demand for credit is for crop production. Crop production involves considerable costs on seeds, fertilisers, pesticides, water, electricity, repair of equipment, etc. The various types of loans can be conveniently grouped as formal sector loans and informal sector loans. Among the former are loans from banks and cooperatives. The informal lenders include moneylenders, traders, employers, relatives and friends, etc. The Reserve Bank of India supervises the functioning of formal sources of loans. For instance, we have seen that the banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors the banks in actually maintaining cash balance. There is no organisation which supervises the credit activities of lenders in the informal sector. They can lend at whatever interest rate they choose. There is no one to stop them from using unfair means to get their money back. Compared to the formal lenders, most of the informal lenders charge a much higher interest on loans. Thus, the cost to the borrower of informal loans is much higher. In recent years, people have tried out some newer ways of providing loans to the poor. The idea is to organise rural poor, in particular women, into small Self-Help Groups (SHGs) and pool (collect) their savings.Answer the following MCQs by choosing the most appropriate optionQ. An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.

Read the source given below and answer the questions that follows:Banks use the major portion of the deposits to extend loans. There is a huge demand for loans for various economic activities. Banks make use of the deposits to meet the loan requirements of the people. In this way, banks mediate between those who have surplus funds (the depositors) and those who are in need of these funds (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits. A large number of transactions in our day-to-day activities involve credit in some form or the other. Credit (loan) refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. In rural areas, the main demand for credit is for crop production. Crop production involves considerable costs on seeds, fertilisers, pesticides, water, electricity, repair of equipment, etc. The various types of loans can be conveniently grouped as formal sector loans and informal sector loans. Among the former are loans from banks and cooperatives. The informal lenders include moneylenders, traders, employers, relatives and friends, etc. The Reserve Bank of India supervises the functioning of formal sources of loans. For instance, we have seen that the banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors the banks in actually maintaining cash balance. There is no organisation which supervises the credit activities of lenders in the informal sector. They can lend at whatever interest rate they choose. There is no one to stop them from using unfair means to get their money back. Compared to the formal lenders, most of the informal lenders charge a much higher interest on loans. Thus, the cost to the borrower of informal loans is much higher. In recent years, people have tried out some newer ways of providing loans to the poor. The idea is to organise rural poor, in particular women, into small Self-Help Groups (SHGs) and pool (collect) their savings.Answer the following MCQs by choosing the most appropriate optionQ. Banks use the major portion of the deposits to

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A substitute of cash and cheque isa)credit cardb)coinc)currencyd)demand depositeCorrect answer is option 'A'. Can you explain this answer?
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A substitute of cash and cheque isa)credit cardb)coinc)currencyd)demand depositeCorrect answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about A substitute of cash and cheque isa)credit cardb)coinc)currencyd)demand depositeCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A substitute of cash and cheque isa)credit cardb)coinc)currencyd)demand depositeCorrect answer is option 'A'. Can you explain this answer?.
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