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Complete list of NCERT books needed for UPSC preparation for IAS exam only @BYJU'S

In modern economy, money is work nane an intermediary. It is used as a medium of exchange for goods and services.

It is also used for payment of debts. Before the introduction of money, Indians used grains and cattle as money. In this system goods 10th Class Ncert All Books Name Us and services was exchanged for another goods and services. It was also known as CC economy i. The modern coins are not made with the precious 10th ncert economics book name like gold, silver. The real values 10th ncert economics book name the modern coins are bok than bok face value.

Currency notes are also used as a medium of exchange in modern economy. The currency notes are made with paper. The real values of the currency notes are less than its face value. So, it is used as a medium of exchange and accepted by the. In India, Reserve bank of India has authority to issue currency notes 10th ncert economics book name behalf of the central government.

In India, no individual 10th ncert economics book name legally refuse to accept the rupees issued by the Reserve bank of India. People need only some money economiccs a point of time. So, people can deposit extra money and earn extra money, which is given on money already depositing in bank. Cheque work as an instrument ecomomics payment which is made by the paper. A person can directly transfer money to another person through 110th rather than in cash.

People deposit their money in bank and get some rate of interest as extra income. Banks hold only some nncert of their bookk in bank.

In this case, money is provided as a loan with a higher rate of. The difference between interest on borrowing money and the interest of deposited money is the income for the bank. Therefore, that person becomes better off than.

Therefore, that person becomes worse off than. Interest rate is specified when a lender provides loan to the borrowers. A borrower will have to repay the amount taken from the lenders with the amount of. In some necrt, lenders economicz demand collateral against loans. A lender can use the assets which are held by him as security until the amount of loan is repaid.

The lender has right to sell the assets or collateral when the borrower fails to repay the amount of loan in a specified period. In India Reserve bank of India is supervised the functioning of loan activities in formal sectors. In India, 10th ncert economics book name rate of interest in informal sector is greater than the rate of interest in formal sector.

Rate of interest in 10th ncert economics book name sector is supervised by the legal authorities. The rate of interest is varying from person to person. There is no organization for supervising loan in informal sector. Lenders can use any method to get back their money from the borrowers. Sometimes, the incomes of the borrowers become less compare than the amount which has to pay due to the high rate of.

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Here you will find all these books from 5th class to 12th class, which you can read by downloading the link from the table given below. These are of different formats like MCQs, fill in the blanks and descriptive type. Try to frame questions from every paragraph at your own and revise them during the time of exams. Sanskrit can be opted as the third language in class 10 CBSE exams. This book explains various factors like, health, education, food, per capita income, etc. UP Board High School students also can use the same books for there study.

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