NCERT Class 10 Economics Chapter 3: Money and Credit (CRR, SLR & Repo Rate) | English | CBSE скачать в хорошем качестве

NCERT Class 10 Economics Chapter 3: Money and Credit (CRR, SLR & Repo Rate) | English | CBSE

Dr. Manishika Jain in this lecture NCERT Class 10 Economics Chapter 3: Money and credit discusses Money versus Barter Barter System – Double coincidence of wants Money – eliminates double coincidence of wants; Medium of EXCHANGE Forms of Money Currency: Paper notes and coins – authorized by Govt. (India – RBI) Deposit with Banks – to earn interest for extra money; demand deposit (withdrawn on demand) – Cheque rather than Cash Depositor vs. Borrower Bank hold 15% of total deposit as cash B/w surplus & those who need Extend loans Higher interest rate on loan Diff. = INCOME for bank Credit (Loan) Situation Lender supplies the borrower in return for promise of future payment For industry, housing, crop production Can push borrower in further credit (crop failure) Terms of Credit Interest + Principal = Repayment Collateral: asset that the borrower owns and uses this as a guarantee to a lender until the loan is repaid Interest rate + collateral + documentation + mode of repayment = Terms of Credit Formal Sector Credit Formal sector loan – bank & cooperative – 90% rich household Informal sector loan - moneylenders, traders, employers, relatives and friends – not supervised & charge any amount (usually higher) – 85% poor households Formal – Supervised by RBI – Looks into Cash maintained by banks Loan not only to profit making businesses but others High borrowing cost implies most money goes in loan repayment Need for cheap & affordable credit 50% rural credit needs by formal sector Self-Help Groups Organize rural poor in groups and collect money Members take loan from group Group charges interest If group is regular in saving – can take bank loans Loan given in name of group – self employment opportunities Overcome problem of collaterals Grameen bank (Bangladesh) – 1970s – 6 million borrowers in 40,000 villages Concepts discussed are: Repo rate reverse repo rate CRR SLR Bank Rate Money versus Barter @0:14 Barter System @1:06 Money @1:58 Forms of Money @2:48 Currency @3:37 Deposit with Banks @4:40 Depositor vs. Borrower @5:55 Credit (Loan) Situation @9:02 Terms of Credit @11:53 Collateral @12:18 Formal Sector Credit @16:43 Self – Help Groups @18:32 Cash Reserve Ratio (CRR) @22:51 Statutory Liquidity Ratio (SLR) @23:42 #Promise #Lender #Collateral #Borrower #Surplus #Authorized #Currency #Coincidence #Eliminates #Barter #Manishika #Examrace For details on IAS visit https://www.examrace.com/IAS/IAS-Flex... For competitive exam preparation visit https://www.doorsteptutor.com/Exams/ #examrace #upsc #ugcnet