Tamil Nadu Board 11th Standard Commerce - Chapter 10: Book Back Answers and Solutions
This post covers the book back answers and solutions for Chapter 10 – 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 10 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 10: RESERVE BANK OF INDIA
I. Choose the correct answer
1.Which bank has the power to issue bank notes?
(a)Central bank
(b)Commercial bank
(c)Co-operative banks
(d)Foreign banks
Answer key:
(a)Central bank
2.The Central bank of India is
(a)PNB
(b)SBI
(c)ICICI
(d)RBI
Answer key:
(d)RBI
3.The Reserve Bank of India commenced its operations from April 1,
(a)1936
(b)1935
(c)1934
(d)1933
Answer key:
(b)1935
4.Bankers are not only dealers of money but also leaders in
(a)Economic development
(b)Trade development
(c)Industry development
(d)Service development
Answer key:
(a)Economic development
5.Which of the following is not a function of a central bank?
(a) Guiding and regulating the banking system of a country
(b) Deal with the general public
(c) Acts essentially as Government banker
(d) Maintains deposit accounts of all other banks
Answer key:
(b) Deal with the general public
II. Very Short answer questions
1. What are the services included in Service businesses? - Education services
- Banking services
- Medical services
- Insurance services
2. Write the meaning of ‘Bank’.
Banking means the accepting for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdrawal by cheque, draft, pay order or otherwise”.
-Banking Regulation Act 1949.
3. Briefly explain about Central Bank.
- A Central bank is set up as an autonomous or quasi autonomous body.
- Stability and growth of the country’s economy are the main goals of a Central bank.
III. Short answer questions
1. What are the functions of RBI? (any 3)- Leadership and Supervisory Functions.
- Traditional Functions.
- Promotional Functions.
2. Explain the origin of RBI.
- As a result, the RBI Act 1934 was passed and RBI launched in operations from April 1, 1935.RBI was established with a share capital of 5 crores divided into shares of Rs 100 each fully paid up. The entire share capital was owned by private shareholders.
3. Who are the persons involved in RBI administration?
- One governor and four deputy governors appointed for a period of four years,
- Ten directors from various fields
- Two Government officials
- Four directors - one each from local boards
IV. Long answer questions
1.Classify the various functions of Reserve Bank of India.(any 5)A. Leadership and Supervisory Functions:
- India’s Representative in World Financial Institutions
- Regulator and Supervisor of Indian Banking System
- Monetary Authority
- Closely Monitoring Economic Parameters
- Banker and Financial Advisor to the Government.
- Monopoly of Note Issue
- Banker’s Bank
- Controller of Credit and Liquidity
- Nurturing Banking Habits among the Public
- Grievance Settlement Measures
- Agricultural Development
- Promotion of Small Scale Industries
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