Class 10 Social Science: Money and Credit Worksheet (with Answers)
A free, print-ready worksheet on Money and Credit for CBSE Class 10 Social Science, with a matching answer key. Use the sample below, or build your own with the exact mix of questions you need — no login, no ads.
Sample worksheet
7 of 17 questions from this chapter. Generate your own for the full set, more variations, and a clean print layout.
- 1. Money mainly acts as a:
- (a) medium of exchange
- (b) type of crop
- (c) form of land
- (d) kind of tax
- 2. Currency notes in India are issued by the:
- (a) State Bank
- (b) Reserve Bank of India
- (c) Finance Ministry directly
- (d) post office
- 3. An asset promised to a lender as security is:
- (a) interest
- (b) deposit
- (c) collateral
- (d) cheque
- 4. The need for both parties to want each other's goods is the:
- (a) rate of interest
- (b) balance of trade
- (c) terms of credit
- (d) double coincidence of wants
- 5. What is the double coincidence of wants?
- 6. What is collateral?
- 7. How does money overcome the problem of barter, and what are its modern forms?
View answers
- 1. (a) medium of exchange — Money is a medium of exchange.
- 2. (b) Reserve Bank of India — The RBI issues currency.
- 3. (c) collateral — It is collateral.
- 4. (d) double coincidence of wants — It is the double coincidence of wants in barter.
- 5. In barter, the need for each person to want exactly what the other has to offer.
- 6. An asset a borrower promises to the lender as security for a loan.
- 7. In a barter system, goods are exchanged directly for goods, which requires a 'double coincidence of wants' — both people must want exactly what the other has to offer at the same time, which is rare and inconvenient. Money overcomes this by serving as a medium of exchange that everyone accepts; a person can sell their goods for money and then use that money to buy whatever they need from anyone, so the two sides of an exchange need not match. Modern money has no value of its own and is accepted only because it is authorised by the government — in India the Reserve Bank of India issues currency notes. Besides cash, money is also held as deposits in banks, which people can withdraw on demand or transfer by cheque, making money safe and easy to use.
How it works
Every question is drawn from StudyMatic’s own Social Science bank for Money and Credit — nothing is auto-generated or invented. Pick how many of each type you want, add your own questions if you like, choose 1–4 paper sets for anti-cheating, and print the worksheet and answer key separately or save them as PDF.
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FAQ
- Is this Class 10 Social Science worksheet on Money and Credit free?
- Yes — it is completely free, with no login and no ads. You can print it or save it as a PDF, and generate unlimited variations.
- Does the Money and Credit worksheet come with answers?
- Yes. Every worksheet has a separate answer key with the correct answers, short explanations and marks, so it is ready for marking.
- Can I choose how many questions and which types?
- Yes. Open the generator for this chapter and set how many MCQs, short, long and HOTS questions you want; totals and marks update live, and you can swap any single question.
- Which board and class is this for?
- This worksheet is aligned to CBSE Class 10 Social Science, chapter “Money and Credit”.