English 
Hindi 
Mathematics 
Environment 
EVS 
Science 
Economics 
Geography 
History 
Political Science NCERT Solutions Class 10 Economics Chapter 3 – Money And Credit
Class 10 Economics
Last Updated: 31 May 2026
Share on WhatsAppChapter Introduction
हिंदी में (Hindi)
Watch Video Lecture
Video Coming Soon..
Important Points
🕐 Coming Soon
Important points for this chapter will be added shortly. Check back soon!
Practice MCQ Questions (29 questions)
Q1. What is the main function of money?
✓ Correct Answer: B
Q2. Why is double coincidence of wants an essential feature of barter system?
✓ Correct Answer: B
Q3. What forms of money were used before coins?
✓ Correct Answer: B
Q4. What are modern forms of money?
✓ Correct Answer: A
Q5. Who issues currency notes in India?
✓ Correct Answer: C
Get all 29 MCQ questions + more!
Download the Genius Mind app for unlimited practice, mock tests & video lectures.
Frequently Asked Questions (FAQ)
🕐 Coming Soon
FAQs for this chapter will be added soon. Stay tuned!
Tough Words (Glossary)
Transaction
Meaning: An instance of buying or selling something
अर्थ: लेन-देन
"The shopkeeper recorded every transaction in his book."
Commodity
Meaning: A raw material or primary agricultural product that can be bought and sold
अर्थ: वस्तु/पण्य
"Wheat is an important commodity in international trade."
Exchange
Meaning: The act of giving one thing and receiving another in return
अर्थ: विनिमय
"We use money as a medium of exchange."
Barter System
Meaning: A system of exchange where goods are directly exchanged without money
अर्थ: वस्तु विनिमय प्रणाली
"In old times, people used the barter system instead of money."
Coincidence
Meaning: A situation in which two or more things happen at the same time by chance
अर्थ: संजोग
"Double coincidence of wants is essential in the barter system."
Currency
Meaning: The system of money in general use in a country
अर्थ: मुद्रा
"The Indian currency is the rupee."
Authorized
Meaning: Given official permission
अर्थ: अधिकृत
"Only the Reserve Bank is authorized to issue currency."
Deposit
Meaning: A sum of money placed in a bank account
अर्थ: जमा
"He made a deposit of Rs 5000 in his account."
Withdraw
Meaning: To take money out of a bank account
अर्थ: निकालना
"She went to the bank to withdraw cash."
Cheque
Meaning: A written order directing a bank to pay money
अर्थ: चेक
"He paid the bill by cheque."
Loan
Meaning: Money borrowed that must be paid back with interest
अर्थ: ऋण
"She took a loan from the bank to buy a car."
Borrower
Meaning: A person who takes something, especially money, with the intention of returning it
अर्थ: उधार लेने वाला
"The borrower promised to repay the money in six months."
Lender
Meaning: A person or institution that gives money as a loan
अर्थ: ऋणदाता
"The bank is the biggest lender in our area."
Collateral
Meaning: An asset pledged as security for repayment of a loan
अर्थ: गिरवी
"He gave his land as collateral for the loan."
Principal
Meaning: The original sum of money borrowed in a loan
अर्थ: मूलधन
"She has repaid the principal amount but not the interest."
Interest
Meaning: Money paid regularly for the use of borrowed money
अर्थ: ब्याज
"The bank charges 10% interest on home loans."
Repayment
Meaning: The action of paying back money borrowed
अर्थ: भुगतान
"The repayment of the loan was scheduled over 5 years."
Debt
Meaning: Something, typically money, owed to someone else
अर्थ: कर्ज़
"He fell into heavy debt after his business failed."
Debt Trap
Meaning: A situation where debt keeps increasing and is hard to escape
अर्थ: कर्ज़ का जाल
"Many farmers are caught in a debt trap."
Documentation
Meaning: Official documents required for something
अर्थ: दस्तावेज़ीकरण
"Proper documentation is necessary for getting a loan."
Demand Deposits
Meaning: Deposits in bank accounts which can be withdrawn anytime
अर्थ: मांग जमा
"Salaries are often kept as demand deposits in banks."
Medium of Exchange
Meaning: Anything accepted as a standard of value and exchange
अर्थ: विनिमय का माध्यम
"Money acts as a medium of exchange in the economy."
Promise
Meaning: A declaration that one will do something
अर्थ: वादा
"She made a promise to repay the loan on time."
Provision
Meaning: The action of supplying or providing something
अर्थ: प्रावधान
"The bank has a provision for emergency withdrawals."
Supervise
Meaning: To oversee and direct work or activities
अर्थ: निगरानी करना
"The RBI supervises the working of banks."
Affordable
Meaning: Inexpensive and reasonably priced
अर्थ: सुलभ/सस्ता
"The government should provide affordable credit."
Self-reliant
Meaning: Able to rely on oneself
अर्थ: आत्मनिर्भर
"SHGs help women become self-reliant."
Enterprise
Meaning: A business or company
अर्थ: उद्यम
"She started a small enterprise with the loan."
Pesticides
Meaning: Substances used to kill pests
अर्थ: कीटनाशक
"The farmer sprayed pesticides on his crops."
Harvest
Meaning: The process of gathering mature crops
अर्थ: फसल कटाई
"The wheat harvest was good this year."
Cultivation
Meaning: The process of growing crops
अर्थ: खेती
"Rice cultivation requires a lot of water."
Implements
Meaning: Tools or equipment used for a task
अर्थ: औज़ार
"Farmers bought new agricultural implements."
Irrigation
Meaning: Supplying water to crops
अर्थ: सिंचाई
"Canals are used for irrigation."
Cooperative
Meaning: An organisation owned by its members for mutual benefit
अर्थ: सहकारी संस्था
"The farmers formed a cooperative for better prices."
Borrowing
Meaning: Taking something for temporary use
अर्थ: उधार लेना
"Borrowing money from banks is safer than from moneylenders."
Lending
Meaning: Giving money temporarily
अर्थ: उधार देना
"The bank is lending money at low interest rates."
Asset
Meaning: Something valuable owned
अर्थ: संपत्ति
"Land is an important asset for farmers."
Guarantee
Meaning: A formal assurance of fulfilment
अर्थ: जमानत/भरोसा
"Collateral acts as a guarantee for loans."
Agreement
Meaning: A negotiated arrangement
अर्थ: समझौता
"They signed an agreement before taking the loan."
Obligation
Meaning: A duty or commitment
अर्थ: कर्तव्य/दायित्व
"The borrower has an obligation to repay the loan."
Documentation Requirement
Meaning: The necessary papers for a process
अर्थ: दस्तावेज़ीकरण की आवश्यकता
"Banks ask for documentation requirements for loans."
Discrimination
Meaning: Unfair treatment of people
अर्थ: भेदभाव
"Poor people face discrimination in getting loans."
Allowance
Meaning: An amount of money given for a specific purpose
अर्थ: भत्ता
"Government employees get travel allowance."
Poverty
Meaning: The state of being extremely poor
अर्थ: गरीबी
"Credit can help reduce poverty."
Employment
Meaning: The condition of having paid work
अर्थ: रोज़गार
"MGNREGA provides employment to rural people."
Malnutrition
Meaning: Poor health caused by lack of food
अर्थ: कुपोषण
"Malnutrition is common among poor children."
Nourished
Meaning: Provided with food for health and growth
अर्थ: पोषित
"The baby looked well nourished."
Trap
Meaning: A situation from which it is hard to escape
अर्थ: फँसना/जाल
"She fell into a credit trap."
Facility
Meaning: A place or service provided for a purpose
अर्थ: सुविधा
"Banks provide ATM facility to customers."
Overcome
Meaning: Succeed in dealing with a problem
अर्थ: काबू पाना
"SHGs help women overcome financial problems."
Reasonable
Meaning: Fair and sensible
अर्थ: उचित
"Banks should charge reasonable interest rates."