Class 10

Economics - Understanding Economic Development question bank (Social Science)

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Q1.

Which premier institution supervises the functioning of formal sources of loans (commercial banks) in India?


(A)
Reserve Bank of India (RBI)
(B)
State Bank of India (SBI)
(C)
Ministry of Finance
(D)
NABARD
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Q2.

According to the CBSE curriculum for Class 10, which analytical factor is paramount when evaluating 'Money and Credit (Formal vs Informal Sources)' in 'Economics - Understanding Economic Development'?


(A)
Superficial memorization without critical inquiry
(B)
Evidence-based reasoning, constitutional/conceptual foundations, and systemic impacts of Money and Credit (Formal vs Informal Sources)
(C)
Ignoring historical precedents and empirical data
(D)
Treating theoretical models as dogmatic truths
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