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Social Science — CBSE Class 10 board question

Q1. [1]
Read the following sources of loan carefully and choose the correct option related to formal sources of credit. (i) Commercial Bank (ii) Landlords (iii) Government (iv) Money Lender
  1. (a) (i) and (iii) are correct.
  2. (b) (ii) and (iv) are correct.
  3. (c) (i) and (ii) are correct.
  4. (d) (ii) and (iii) are correct.
Previously asked in CBSE board exam
2025 32/4/1 Q18
Generated by claude-sonnet-4-6 · 2026-06-15 06:55 · grounding rag
Model Answer

(a) (i) and (iii) are correct.

Commercial Banks and Government are formal sources of credit, supervised by the RBI. Landlords and moneylenders are informal sources.

Explanation

The textbook clearly states that formal sector loans include banks and cooperatives, supervised by the RBI. Government-run lending institutions also fall under the formal sector. Moneylenders and landlords are explicitly listed as informal lenders with no regulatory supervision.

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Previous-year CBSE Grade 10 board exam questions, organised by subject and chapter, each with a model answer — free to read and print.