Money and Credit Class 10 Notes PDF | Concept, Functions & Credit System Explained
The chapter Money and Credit in Class 10 Economics introduces students to the vital role of money in our everyday lives and how credit impacts individuals and the economy. This chapter explains how money evolved from the barter system, the functions of modern currency, and how banks and cooperative societies function in providing credit. It also highlights the difference between formal and informal sources of credit, and how unequal access to credit can lead to exploitation and poverty.
In this Class 10 Economics chapter, you’ll learn:
- The evolution and features of money
- How commercial banks create credit
- The role of Reserve Bank of India (RBI)
- The benefits and risks of credit
- Real-life examples of credit success and debt traps
- Key terms like collateral, terms of credit, and self-help groups (SHGs)
These concepts are important not just for your board exams but also to understand how money and financial institutions work in real life. Our NCERT-based notes will help you revise quickly with definitions, flowcharts, examples, and key questions.
Money and Credit Class 10 Notes PDF
