Plus Two / 12th Economics - Book Back Answers - Chapter 6 - English Medium
Chapter 6: Banking
Tamil Nadu Board 12th Standard Economics - Chapter 6: Book Back Answers and Solutions
This post covers the book back answers and solutions for Chapter 6 from the Tamil Nadu State Board 12th Standard Economics textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.
We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.
By going through this material, you’ll gain a strong understanding of Chapter 6 along with the corresponding book back questions and answers (PDF format).
Question Types Covered:
- 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following
- 2 Mark Questions: Answer briefly
- 3, 4, and 5 Mark Questions: Answer in detail
All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.
All the best, Class 12 students! Prepare well and aim for top scores. Thank you!
Chapter 6: Banking
I. Choose the correct answer.
1. A Bank is a
a) Financial institution
b) Corporate
c) An Industry
d) Service institutions
Answer Key:
a) Financial institution
2. A Commercial Bank is an institution that provides services
a) Accepting deposits
b) Providing loans
c) Both a and b
d) None of the above
Answer Key:
c) Both a and b
3. The Functions of commercial banks are broadly classified into
a) Primary Functions
b) Secondary functions
c) Other functions
d) a, b, and c
Answer Key:
d) a, b, and c
4. Bank credit refers to
a) Bank Loans
b) Advances
c) Bank loans and advances
d) Borrowings
Answer Key:
c) Bank loans and advances
5. Credit creation means.
a) Multiplication of loans and advances
b) Revenue
c) Expenditure
d) Debt
Answer Key:
a) Multiplication of loans and advances
6. NBFI does not have.
a) Banking license
b) government approval
c) Money market approval
d) Finance ministry approval
Answer Key:
a) Banking license
7. Central bank is ____________ authority of any country.
a) Monetary
b) Fiscal
c) Wage
d) National Income
Answer Key:
a) Monetary
8. Who will act as the banker to the Government of India?
a) SBI
b) NABARD
c) ICICI
d) RBI
Answer Key:
d) RBI
9. Lender of the last resort is one of the functions of.
a) Central Bank
b) Commercial banks
c) Land Development Banks
d) Co-operative banks
Answer Key:
a) Central Bank
10. Bank Rate means.
a) Re-discounting the first class securities
b) Interest rate
c) Exchange rate
d) Growth rate
Answer Key:
a) Re-discounting the first class securities
11. Repo Rate means the
a) Rate at which the Commercial Banks are willing to lend to RBI
b) Rate at which the RBI is willing to lend to commercial banks
c) Exchange rate of the foreign bank
d) Growth rate of the economy
Answer Key:
b) Rate at which the RBI is willing to lend to commercial banks
12. Moral suasion refers.
a) Optimization
b) Maximization
c) Persuasion
d) Minimization
Answer Key:
c) Persuasion
13. ARDC started functioning from
a) June 3, 1963
b) July 3, 1963
c) June 1, 1963
d) July 1, 1963
Answer Key:
d) July 1, 1963
14. NABARD was set up in.
a) July 1962
b) July 1972
c) July 1982
d) July 1992
Answer Key:
c) July 1982
15. EXIM bank was established in.
a) June 1982
b) April 1982
c) May 1982
d) March 1982
Answer Key:
d) March 1982
16. The State Financial Corporation Act was passed by
a) Government of India
b) Government of Tamilnadu
c) Government of Union Territories
d) Local Government.
Answer Key:
a) Government of India
17. Monetary policy is formulated by.
a) Co-operative banks
b)Commercial banks
c) Central Bank
d) Foreign banks
Answer Key:
c) Central Bank
18. Online Banking is also known as.
a) E-Banking
b) Internet Banking
c) RTGS
d) NEFT
Answer Key:
b) Internet Banking
19. Expansions of ATM.
a) Automated Teller Machine
b) Adjustment Teller Machine
c) Automatic Teller mechanism
d) Any Time Money
Answer Key:
a) Automated Teller Machine
20. 2016 Demonetization of currency includes denominations of
a) ₹500 and ₹1000
b) ₹1000 and ₹2000
c) ₹200 and ₹500
d) All the above
Answer Key:
a) ₹500 and ₹1000
a) Financial institution
b) Corporate
c) An Industry
d) Service institutions
Answer Key:
a) Financial institution
2. A Commercial Bank is an institution that provides services
a) Accepting deposits
b) Providing loans
c) Both a and b
d) None of the above
Answer Key:
c) Both a and b
3. The Functions of commercial banks are broadly classified into
a) Primary Functions
b) Secondary functions
c) Other functions
d) a, b, and c
Answer Key:
d) a, b, and c
4. Bank credit refers to
a) Bank Loans
b) Advances
c) Bank loans and advances
d) Borrowings
Answer Key:
c) Bank loans and advances
5. Credit creation means.
a) Multiplication of loans and advances
b) Revenue
c) Expenditure
d) Debt
Answer Key:
a) Multiplication of loans and advances
6. NBFI does not have.
a) Banking license
b) government approval
c) Money market approval
d) Finance ministry approval
Answer Key:
a) Banking license
7. Central bank is ____________ authority of any country.
a) Monetary
b) Fiscal
c) Wage
d) National Income
Answer Key:
a) Monetary
8. Who will act as the banker to the Government of India?
a) SBI
b) NABARD
c) ICICI
d) RBI
Answer Key:
d) RBI
9. Lender of the last resort is one of the functions of.
a) Central Bank
b) Commercial banks
c) Land Development Banks
d) Co-operative banks
Answer Key:
a) Central Bank
10. Bank Rate means.
a) Re-discounting the first class securities
b) Interest rate
c) Exchange rate
d) Growth rate
Answer Key:
a) Re-discounting the first class securities
11. Repo Rate means the
a) Rate at which the Commercial Banks are willing to lend to RBI
b) Rate at which the RBI is willing to lend to commercial banks
c) Exchange rate of the foreign bank
d) Growth rate of the economy
Answer Key:
b) Rate at which the RBI is willing to lend to commercial banks
12. Moral suasion refers.
a) Optimization
b) Maximization
c) Persuasion
d) Minimization
Answer Key:
c) Persuasion
13. ARDC started functioning from
a) June 3, 1963
b) July 3, 1963
c) June 1, 1963
d) July 1, 1963
Answer Key:
d) July 1, 1963
14. NABARD was set up in.
a) July 1962
b) July 1972
c) July 1982
d) July 1992
Answer Key:
c) July 1982
15. EXIM bank was established in.
a) June 1982
b) April 1982
c) May 1982
d) March 1982
Answer Key:
d) March 1982
16. The State Financial Corporation Act was passed by
a) Government of India
b) Government of Tamilnadu
c) Government of Union Territories
d) Local Government.
Answer Key:
a) Government of India
17. Monetary policy is formulated by.
a) Co-operative banks
b)Commercial banks
c) Central Bank
d) Foreign banks
Answer Key:
c) Central Bank
18. Online Banking is also known as.
a) E-Banking
b) Internet Banking
c) RTGS
d) NEFT
Answer Key:
b) Internet Banking
19. Expansions of ATM.
a) Automated Teller Machine
b) Adjustment Teller Machine
c) Automatic Teller mechanism
d) Any Time Money
Answer Key:
a) Automated Teller Machine
20. 2016 Demonetization of currency includes denominations of
a) ₹500 and ₹1000
b) ₹1000 and ₹2000
c) ₹200 and ₹500
d) All the above
Answer Key:
a) ₹500 and ₹1000
II.Answer the following questions.
12th Economics (soon)
III. Answer the following questions.
12th Economics (Soon)
IV. Answer the following questions.
12th Economics (Soon)
0 Comments:
Post a Comment