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Social Science — CBSE Class 10 board question

Q1. [1]
Which one of the following categories of urban households take the highest percentage of loan from the formal sector ?
  1. (a) Poor households
  2. (b) Households with few assets
  3. (c) Well-off households
  4. (d) Rich households
Previously asked in CBSE board exam
2023 32/2/1 Q19
Generated by claude-sonnet-4-6 · 2026-06-15 06:53 · grounding rag
Model Answer

(c) Well-off households

Wait — according to the textbook (Graph 2), rich households take 83% of their loans from the formal sector, the highest among all groups.

Answer: (d) Rich households

Explanation

Graph 2 in Chapter 3 clearly states that 83% of loans taken by rich urban households are from the formal sector — the highest percentage among all four groups (poor, few assets, well-off, rich). Students often confuse "well-off" with "rich," but the textbook distinguishes them as separate categories, with rich households having the greatest formal sector share.

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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.