Skip to main content
Super TutorResources
Chapter 16 of 24
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Revision Notes

Saving and Insurance

NIOS · Class 10 · Economics

Quick revision notes for Saving and Insurance — NIOS Class 10 Economics. Key concepts, formulas, and definitions for last-minute revision.

62 questions35 flashcards5 concepts

Interactive on Super Tutor

Studying Saving and Insurance? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for revision notes and more.

Try Super Tutor — Free

1,000+ Class 10 students started this chapter today

Key Topics to Revise

1

Meaning of Saving

  • Saving is the amount of income carried forward to the future after meeting current expenditure.
  • Saving means surplus of income over consumption.
  • Saving is written as: Saving = Income - Consumption.
2

Where Saving Is Kept

  • A family saving box is an informal way of saving.
  • A family saving box is unsafe from theft, money remains idle, and no interest is earned.
  • Post offices and commercial banks are formal institutions for saving.
3

Uses of Saving

  • Saving can be used for lending and borrowing.
  • A person who saves can become a lender because surplus money is available.
  • A borrower takes money when present income is not enough for current needs.
4

Interest and Rate of Interest

  • Interest is the return earned on saving.
  • When a lender gives saved money as a loan, the borrower repays the principal plus interest.
  • Ms. Sarita lent Rs.1000 to Mr. Aashish for one year and earned Rs.120 as interest.

Get complete notes with diagrams and examples

Full Notes

Key Concepts

Saving is the amount of incomeSaving = IncomeSaving increases future income becauseA family saving box isInterest is the return earned on

Frequently Asked Questions

What are the important topics in Saving and Insurance for NIOS Class 10 Economics?
Saving and Insurance covers several key topics that are frequently asked in NIOS Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Saving and Insurance — NIOS Class 10 Economics?
Understand the core concepts first, then work through the 62 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Saving and Insurance

All 24 chapters — NIOS Class 10 Economics Revision Notes

For serious students

Get the full Saving and Insurance chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for NIOS Class 10 Economics.

Try Super Tutor Free
Try the full chapter — Free