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Explain any three… (Class 10 Social Science 2023, Q29a)

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Social ScienceCBSE Class 10 · Board exam 2023, set 32/1/1 · 3 marks · Short answer

CBSE Class 10 Social Science 2023: question 29(a)

Set in the CBSE Class 10 board exam of 2023, paper 32/1/1, section C, question 29(a), for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q29(a) · 3 marks · Short answerMoney and Credit

Explain any three functions of the Reserve Bank of India.

Source: official question paper from cbse.gov.in (PDF). See it in the full 2023 board paper, set 32/1/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

Who issues notes in India?

Hint 2

How does RBI control banks?

Hint 3

Whom must banks also lend to?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. The RBI issues currency notes on behalf of the central government.

    1 mark

  2. It supervises the formal sources of loans and monitors that banks maintain the required cash balance.

    1 mark

  3. It ensures banks lend to small cultivators, small industries and small borrowers, and banks submit information on lending to it.

    1 mark

Answer: Issues currency, supervises banks, ensures fair lending.

Where the marks are

  • Currency issue (1 mark)
  • Supervision, cash balance (1 mark)
  • Lending to small borrowers/reporting (1 mark)

Revise the chapter

  • Chapter: Money and Credit (notes, formulas, where marks are lost and every past question)
Practise this chapterBoard-style questions from Money and Credit, one at a time, marked against the answer key and marking points.Back to the full paper2023 board paper, set 32/1/1: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.