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Syllabus

Saving and Insurance — Syllabus

NIOS · Class 10 · Economics

What Saving and Insurance covers in NIOS Class 10 Economics: 4 topics, for the 2026-27 session. Part of the NIOS Class 10 Economics syllabus.

62 questions35 flashcards4 formulas & key relations5 concepts

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4 Topics · NIOS Class 10 Economics · 2026-27

Topics in Saving and Insurance

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.

Key Concepts

Central concept: Saving and Insurance in Economics

SavingWays of keeping savingsUses of savingInterestInsuranceInsurance productsUncertainty and loss

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Frequently Asked Questions

What are the important topics in Saving and Insurance for NIOS Class 10 Economics?
Key topics in Saving and Insurance include Meaning of Saving, Where Saving Is Kept, Uses of Saving, Interest and Rate of Interest. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How should I revise Saving and Insurance for the NIOS Class 10 board exam?
Learn the core ideas first, then work through the 62 practice questions on Saving and Insurance. Revise 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.

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