LESSON
PLAN
Class : 10th Chapter- MONEY AND CRADIT Date of Commencement
Subject:
social science
Expected Date if Completion - -
Actual Date of
Completion
|
GIST OF THE LESSON / Focused Skills/Competencies |
TARGET LEARNING OUTCOMES (TLO) |
Teaching-Learning Activities Planned for achieving the
TLO using suitable resources and classroom management strategies |
ASSESSMENT STRATEGIES PLANNED |
Money as a Medium of
Exchange
Money acts as an intermediate in the exchange process, it is
called a medium of exchange. A person holding money can easily exchange it
for any commodity or service that he or she might want. Modern form of Money
In the early ages, Indians used grains and cattle as money.
Thereafter came the use of metallic coins – gold, silver, copper coins – a
phase which continued well into the last century. Now, the modern forms of
money include currency – paper notes and coins. The modern forms of money –
currency and deposits – are closely linked to the workings of the modern
banking system. Currency In India, the Reserve Bank of India issues currency notes on
behalf of the central government. No other individual or organisation is
allowed to issue currency. The rupee is widely accepted as a medium of
exchange in India. Deposits in Banks The other form in which people hold money is as deposits with
banks. People deposit their extra cash with the banks by opening a bank
account in their name. Banks accept the deposits and also pay an amount as
interest on the deposits. The deposits in the bank accounts can be withdrawn on demand,
these deposits are called demand
deposits. The payments are made by cheques instead of cash. A cheque is
a paper instructing the bank to pay a specific amount from the person’s
account to the person in whose name the cheque has been issued. Loan Activities of Banks
Banks keep only a small proportion of their deposits as cash
with themselves. These days banks in India hold about 15% of their deposits
as cash. This is kept as a provision to pay the depositors who might come to
withdraw money from the bank on any given day. Banks use the major portion of
the deposits to extend loans. There is a huge demand for loans for various
economic activities. Banks charge a higher interest rate on loans than what
they offer on deposits. The difference between what is charged from borrowers
and what is paid to depositors is their main source of income for banks. SKILLS Understand Identify Analysis Thinking Skill Explain Co relation with practical life |
STUDENT WILL ABLE TO Understand money as an
economic concept. Understand the role of
financial institutions from the point of view of day-to- day life Understand the different
form of money from ancient time to present day Understand important
banking term which is very useful in there life Use this knowledge in his
daily life |
1-
What is the meaning of this
symbol?
3-How
does the use of money make it
easier to exchange things? 4-What
is 'double coincidence of wants'? 5 -What
was used as money in early ages in India? 6- Where you have seen this
logo
7-What are the works of R.B.I
8- What is the problem in
barter system LINK https://www.youtube.com/watch?v=su_tbnO8jQw&t=113s |
Written assignments involving inference, video related the lesson QUESTION ANSWER Online quiz on google |
Sign of teacher
sign of principal / HM/VP
