Select Medium:

🇬🇧 English Medium Active 🇮🇳 हिन्दी माध्यम

Jharkhand Academic Council (JAC) Class X Social Science Set 02 (Advanced Level) English Medium 100% Free Practice Test

JAC Board Class 10 Social Science: Money and Credit Online Test (Set 02 (Advanced Level)) | Jharkhand Board

Money and Credit — Set 02 (Advanced Level)

Practise free online MCQ mock test for JAC Board Class 10 Social Science chapter 'Money and Credit'. 20 MCQs with timer countdown, detailed explanations, and instant results as per board syllabus.

📝

20 MCQs

Questions

⏱️

20 Mins

Duration

🎯

20 Marks

Total Marks

➕

+1.0

Per Correct

🛡️

0.0

Negative Mark

🌐

English

Language

Start Test Now (English Medium)

Instant Scorecard Step-by-Step Solutions JCERT / JAC Curriculum

Chapter Study Guide & In-Depth Notes

Master the key concepts, vocabulary, and high-yield questions before starting the test.

3 Sections

Chapter Overview & Core Concepts: Money and Credit

Class 10 Study Guide

Mastering Money and Credit in Class 10 provides critical subject intuition, analytical skills, and examination readiness.

Examinations test fundamental principles, definitions, cause-and-effect reasoning, and real-world applications under timed conditions.

Core Moral & Key Takeaway:

Grasping core concepts and practicing with timed chapter-wise CBT tests guarantees top performance in board exams.

Key Terminology, Definitions & Principles

Glossary & Concepts

Term / Formula	Type	Definition / Meaning	Explanation / Notes	Example / Usage
Core Concept	Principle	Primary concept governing Money and Credit.	मुख्य सिद्धांत	"Understand and apply the principle accurately."
Analytical Deduction	Skill	Evaluating evidence to draw correct conclusions.	तार्किक विश्लेषण	"Examine question clues systematically."

Key Features & Devices Explored:

Systematic Elimination

Eliminate distractor choices before selecting the best answer.

Pacing & Accuracy

Complete each question within 60 seconds to maintain steady momentum.

High-Yield Revision Points & Solved Board Exam Q&A

Revision Notes

⚡ High-Yield Exam Takeaways:

Review all key textbook terms, definitions, and formulas.
Pay attention to units, boundary values, and key keywords in questions.
Solve Foundation Set 01 to build confidence, followed by Advanced Set 02 for exam excellence.

Frequently Asked Questions & Model Answers:

Q1 How should students prepare for Money and Credit exams?

Answer: Read the chapter thoroughly, practice step-by-step solved examples, memorize key definitions, and evaluate preparation using timed online CBT mock tests.

Sample Questions Preview

Free Sneak Peek

Here is a sneak peek of the questions included in this test set. Test your preparation by viewing the answer and detailed explanation before starting the timed exam.

Why does the stark disparity in formal credit access—where 85% of rich urban loans come from banks, while 85% of poor rural loans come from moneylenders—perpetuate poverty?

औपचारिक ऋण पहुंच में भारी असमानता - जहां 85% अमीर शहरी ऋण बैंकों से आते हैं, जबकि 85% गरीब ग्रामीण ऋण साहूकारों से आते हैं - गरीबी को क्यों बनाए रखते हैं?

Poor rural households are legally prohibited from opening savings accounts in nationalized banksगरीब ग्रामीण परिवारों को राष्ट्रीयकृत बैंकों में बचत खाता खोलने से कानूनी रूप से प्रतिबंधित किया गया है

Informal moneylenders are funded directly by the International Monetary Fundअनौपचारिक साहूकारों को सीधे अंतर्राष्ट्रीय मुद्रा कोष द्वारा वित्त पोषित किया जाता है

Rich urban households are legally exempt from repaying any borrowed bank loansअमीर शहरी परिवारों को कानूनी तौर पर किसी भी उधार लिए गए बैंक ऋण को चुकाने से छूट दी गई है

The poor lack collateral and documentation, forcing them into informal credit with exorbitant interest rates (36-60%) that consume most of their incomeगरीबों के पास संपार्श्विक और दस्तावेज़ीकरण की कमी है, जिससे उन्हें अत्यधिक ब्याज दरों (36-60%) के साथ अनौपचारिक ऋण लेने के लिए मजबूर होना पड़ता है, जो उनकी अधिकांश आय का उपभोग करता है।

Correct Answer: Option D

Explanation:

Rich households have collateral and access to cheap formal credit (8-12% interest), while poor households lacking collateral are pushed into informal debt (36-60% interest), draining their meager earnings in interest payments.

अमीर परिवारों के पास संपार्श्विक और सस्ते औपचारिक ऋण (8-12% ब्याज) तक पहुंच है, जबकि संपार्श्विक की कमी वाले गरीब परिवारों को अनौपचारिक ऋण (36-60% ब्याज) में धकेल दिया जाता है, जिससे उनकी अल्प आय ब्याज भुगतान में समाप्त हो जाती है।

How does the Reserve Bank of India (RBI) enforce social banking objectives on commercial banks beyond pure profit maximization?

भारतीय रिज़र्व बैंक (RBI) शुद्ध लाभ अधिकतमकरण से परे वाणिज्यिक बैंकों पर सामाजिक बैंकिंग उद्देश्यों को कैसे लागू करता है?

By ordering commercial banks to burn fifty percent of their paper deposits every quarterवाणिज्यिक बैंकों को हर तिमाही में अपने कागजी जमा का पचास प्रतिशत जलाने का आदेश देकर

By mandating Priority Sector Lending (PSL) quotas for agriculture and small businesses, requiring minimum cash reserves, and auditing lending ratesकृषि और छोटे व्यवसायों के लिए प्राथमिकता क्षेत्र ऋण (पीएसएल) कोटा अनिवार्य करके, न्यूनतम नकदी भंडार की आवश्यकता होती है, और उधार दरों का ऑडिट किया जाता है।

By prohibiting commercial banks from establishing branches in metropolitan citiesवाणिज्यिक बैंकों को महानगरीय शहरों में शाखाएँ स्थापित करने से रोककर

By converting all bank loan contracts into physical gold coins stored in oceanic trenchesसभी बैंक ऋण अनुबंधों को समुद्री खाइयों में संग्रहीत भौतिक सोने के सिक्कों में परिवर्तित करके

Correct Answer: Option B

Explanation:

The RBI periodically checks that banks maintain Cash Reserve Ratio (CRR) and allocate credit to small farmers, small scale industries, and weaker sections under Priority Sector Lending targets, rather than lending exclusively to large corporations.

आरबीआई समय-समय पर जांच करता है कि बैंक नकद आरक्षित अनुपात (सीआरआर) बनाए रखते हैं और बड़े निगमों को विशेष रूप से ऋण देने के बजाय प्राथमिकता क्षेत्र ऋण लक्ष्य के तहत छोटे किसानों, लघु उद्योगों और कमजोर वर्गों को ऋण आवंटित करते हैं।

How Chapter-Wise Online CBT Tests Build Winning Habits for Future Competitive Exams

Early practice in high school builds the mental muscle, speed, and analytical discipline required to ace NTSE, Olympiads, JNVST, CUET, and Foundation JEE/NEET.

Competitive Edge

Real-Time Clock Awareness & Pacing

समय प्रबंधन एवं गति नियंत्रण

In school examinations, students write answers without active pacing. In national entrance tests, students have barely 45-60 seconds per MCQ. Practicing with a 20-minute timer instills instinctive time-budgeting and prevents last-minute exam panic.

Mastery of the Elimination Technique

विकल्प निष्कासन विधि में दक्षता

Top rankers in competitive exams rarely compute every problem blindly. They spot subtle traps, evaluate extreme values, and eliminate 2 out of 4 distractors within seconds. Our 4-option sets teach critical distractor analysis.

CBT Screen Stamina & Digital Comfort

कंप्यूटर आधारित परीक्षा का सहज अभ्यास

Almost all major national exams (CUET, JEE, NEET, SSC, Banking) are 100% computer-based. Students who only study on paper experience eye strain and navigation mistakes on exam day. Early CBT practice creates effortless digital fluency.

Immunity to Negative Marking

सटीकता और नकारात्मक अंकन से सुरक्षा

Careless errors—such as misreading "NOT" or "EXCEPT"—ruin thousands of competitive aspirations each year. Regular objective testing builds the habit of double-checking question keywords before locking answers.

Instant Diagnostic Feedback Loop

तत्काल त्रुटि निवारण एवं आत्म-मूल्यांकन

Traditional paper tests take weeks to grade, by which time the student has forgotten their thought process. TargetExams provides instant scorecards and step-by-step solutions while the conceptual puzzle is still fresh.

Syllabus Concepts Evaluated in this Chapter

This test series specifically evaluates the core competencies and learning objectives outlined in the official syllabus:

Core definitions, fundamental theorems, and essential concepts of this chapter.
Step-by-step mathematical reasoning and deductive problem-solving.
Application of standard formulas and operations in real-world scenarios.
Critical examination of common exam pitfalls and misleading options.
Higher-order thinking skill (HOTS) questions to prepare for school examinations.
Speed and accuracy mastery under standard timed CBT exam conditions.

Exam Rules & Test Taking Guidelines

Total Questions: The test consists of exactly 20 objective type questions.
Time Allowed: 20 Minutes countdown timer begins as soon as the test launches.
Marking Scheme: +1.0 mark is awarded for each correct answer.
Zero Penalty: There is 0.0 negative marking for incorrect or unattempted questions.
Question Palette: Freely navigate between questions and flag questions for later review.
Review & Solutions: Access instant scorecard and full step-by-step solutions upon submission.

Frequently Asked Questions (FAQs)

Yes! Foundation Practice Set 01 for every chapter in Jharkhand Academic Council (JAC) Class X Social Science is 100% free to attempt. Students can test their knowledge without any payment or hidden fees.

This page is dedicated to English Medium. You can also attempt this test in Hindi Medium by clicking the switcher at the top.

Absolutely. All 20 multiple-choice questions are strictly designed in line with the latest guidelines, covering both basic conceptual understanding and higher-order thinking skills.

The test contains 20 MCQs to be solved in 20 minutes. Each question carries +1.0 mark for a correct answer, and there is zero (0.0) negative marking for incorrect answers.

Yes. Immediately upon submitting your test, you receive a comprehensive performance summary including your total score, accuracy percentage, time spent per question, and full step-by-step explanations for all 20 questions.

Money and Credit (Set 02 (Advanced Level))

20 MCQs • 20 Mins • 100% Free Practice Test

JAC Board Class 10 Social Science: Money and Credit Online Test (Set 02 (Advanced Level)) | Jharkhand Board

Chapter Study Guide & In-Depth Notes

Chapter Overview & Core Concepts: Money and Credit