Why is water conservation important in India? Explain

Water conservation is very important in India due to the following reasons-Class 10 Water conservation is the practice of using water efficiently to reduce unnecessary water usage. It’s about managing…

Why do banks or lenders demand collateral against loans?

Answer : What is Collateral : Collateral is an asset or property that a borrower offers to a lender to secure a loan. If the borrower fails to repay the…

Distinguish Between Primary and Secondary Sectors ? ( CLASS 10)

Other examples of the Secondary Sector: ANSWER : Primary Sector : The Primary Sector is the part of the economy that involves the extraction and collection of natural resources directly…

Harsh Bad Effects of Informal Sources of Credit on Borrowers?

ANSWER : Informal sources of credit, like moneylenders or unregistered lenders, can have harmful effects on borrowers: No Legal Protection: Borrowers have no legal recourse in case of disputes, which…

Q Describe the importance of formal sources of credit in economic development ? ( CLASS 10)

Answer : Formal sources of credit, such as banks and cooperatives, play a crucial role in economic development: Promotes Investment and Growth: Availability of credit encourages individuals and businesses to…

Q. Explain any five effects of globalization.

Answer: Expansion of Trade: Globalization has increased the exchange of goods and services across countries, making a wide variety of products available to consumers worldwide. Growth of MNCs: Many multinational…