Money and Credit........................Part II. Extra Questions and Answers

Answer the following questions

Q 1. Give the meaning and functions of money.

Ans.Meaning of money: Money may be anything chosen by common consent as a medium of exchange and measure of value.

Functions of money:

  I. Primary functions:
  a Medium of exchange 

  b Medium of value

  
  II. Secondary functions:

  a Store of value 
  b Standard of pending payments 
  c Transfer of value

IMPORTANT QUESTIONS FOR SUMMATIVE ASSESSMENT II CLASS-X SOCIAL SCIENCE-

IMPORTANT INSTRUCTIONS

FOR 3 AND 5 MARKS I HAVE ONLY GIVEN SHORT POINTS PLEASE EXPLAIN THE POINTS

I. Answer the MCQs.

Q 1 .By which of the following treaties was the United Kingdom of Great Britain formed?

(a) Treaty of Versailles

(b) Act of Union

(c) Treaty of Paris

(d) Treaty of Vienna 

Peasants and Farmers......................Part I

SUMMARY OF THE TOPICS  ON WHICH QUESTIONS AND ANSWERS ARE GIVEN:

The Coming of Modern Agriculture in England
Bread Basket and Dust Bowl
The Indian Farmer and Opium Production

Introduction  
Peasants and Farmers, this topic is focused on three different countries:-
The small cottagers in England, 
The wheat farmers of the USA,
The opium producers of Bengal. 
You will learn what happens to different rural groups with the coming of modern agriculture; what happens when different regions of the world are integrated with the capitalist world market. 

Working of Institutions...................Part III

Q7. Write a note on Prime Minister and his Council of ministers.

1. Prime Minister is the most important political institution in the country.
2. The President appoints the Prime Minister.
3. The President appoints the leader of the majority party or the coalition of parties that commands a majority in the Lok Sabha, as Prime Minister.
4. In case no single party or alliance gets a majority, the President appoints the person most likely to secure a majority support. 
5. The Prime Minister does not have a fixed tenure. 
6. He continues in power so long as he remains the leader of the majority party or coalition.
7. The President appoints other ministers on the advice of the Prime Minister. 
8. The Ministers are from the party or the coalition that has the majority in the Lok Sabha. 
9. The Prime Minister is free to choose ministers, as long as they are members of Parliament.

Working of Institutions...................Part II

Q4. What are the powers of Lok Sabha and Rajya Sabha?

1. The Parliament consists of two Houses known as the Council of States (Rajya Sabha) and the House of the People (Lok Sabha). 
2. The President of India is a part of the Parliament, but not a member of either House.  
3. All laws made in the Houses come into force only after they receive the assent of the President

Working of Institutions...................Part I

SUMMARY OF THE TOPICS  ON WHICH QUESTIONS AND ANSWERS ARE GIVEN: 

HOW IS A MAJOR POLICY DECISION TAKEN? 
PARLIAMENT
POLITICAL EXECUTIVE
THE JUDICIARY