11th Commerce - Book Back Answers - Chapter 11 - English Medium Gudies

 

  

 

Plus One / 11th Commerce - Book Back Answers - Chapter 11 - English Medium

Tamil Nadu Board 11th Standard Commerce - Chapter 11: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 11 – Commerce from the Tamil Nadu State Board 11th Standard Commerce 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 Commerce  Chapter 11 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 11 students! Prepare well and aim for top scores. Thank you!

Chapter 11: TYPES OF BANKS

I. Choose the correct answer

1. Which bank is not a Industrial Bank?
a) ICICI    
b) HSBC
c) SIDBI
d) IDBI
Answer Key:
b) HSBC

2. The Local Area Banks are promoting
a) Rural savings                       
b) Business savings
c) Industrial development
d)Agricultural development
Answer Key:
a) Rural savings

 3. Foreign banks are begun their operation since
a) 1978    
b) 1979
c) 1980
d) 1981
Answer Key:
c) 1980

II. Very Short answer questions

1. Give the meaning of Commercial Banks.  

• Banks which accept deposits from the public and grant loans to traders, individuals, agriculture,industries, transport, etc.

• In order to earn profit. Their lending is in comparatively small amounts and mostly    for short and medium period.

2. What do you mean by Industrial Banks.

• Huge finance required for investment, expansion and modernisation of big industries and others are granted by a separate type of banks called development Banks.
• They are also called industrial banks.

3. What are Foreign Banks?

• Banks which have registered office in a foreign country and branches in India are called foreign banks.

III. Short answer questions

1. Write a short note on Local Area Banks. Give two examples.

• Local Area Bank (LAB) scheme was introduced by the RBI in August 1996.
• LABs are small private sector banks established in rural and semi-urban areas.
• Each bank serves two or three adjoining districts only.

Exmaples:

• Coastal Local Area Bank,     
• Subhadra Local Area Bank

2. What are the objectives involved in Regional Rural Banks?

• Their objective is to develop rural economy and play supplementary role to cooperative societies.
• The RRBs were formed under the Regional Rural Bank Act 1976, jointly by the Central Government,State Government, and a sponsor bank.
• Their share capital is contributed by these sponsors in the ratio of 50:15:35.

 

IV. Long answer questions

1. Explain the various types of banks based on the Functions.(any 5)
1.Commercial Banks

• Banks which accept deposits from the public and grant loans to traders, individuals  agriculture,  industries, transport, etc.

2.Development Banks

• Huge finance required for investment, expansion and modernisation of big industries and others are granted by a separate type of banks called development Banks.

3. Cooperative Banks

• All cooperative banks in India are owned by its customers or members who are farmers, small  traders and others.

4. Foreign Banks

• Banks which have registered office in a foreign country and branches in India are called foreign banks.

5. Regional Rural Banks - RRBs

• The RRBs were formed under the Regional Rural Bank Act 1976, jointly by the Central Government, State Government, and a sponsor bank.

2. Explain the types of banks based on Ownership pattern.

• Bank in which not less than 51 percent of shares are owned by the Government are called Government  banks or public sector commercial banks. All of them are joint stock company type banks.        
• Each corporation type bank is established by a separate Act of Parliament and is fully owned by Government of India.
• 1n 1969, there were 14 private banks which were concentrated in cities and towns.
• Their objective was to earn more profits.
• Government paid the share capital of those banks to the private owners and took over as Government banks.         
• This is called nationalization of banks.

Examples:
IFCI, SIDBI, EXIM Bank, etc.