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Identify and explain the following concept.
Lucy deposited a Lump sum amount of ₹1,00,000/- in the Bonk of India for the period of one year.
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State with reasons whether you agree or disagree with the following statement.
There are no exceptions to the law of diminishing marginal utility.
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Study the following table, figure, and passage, and answer the questions given below it.
| Commercial banks act as intermediaries in the country's financial system to bring savers and investors together. They are profit-seeking financial institutions. Due to bank nationalisation in 1969, there was an increase in Loan disbursement in urban and rural areas. Agriculture and retail traders started getting more loons. Those sectors which were not getting Loons before 1969, started getting loons in post nationalisation period. After the nationalisation of the bank branch expansion took place. There has been diversification in the functions of banks. Commercial Banks are providing different types of services like safe deposit lockers, D-mat facilities, internet banking, mobile banking, etc. |
- Write any two benefits of bank nationalisation.
- Write various services provided by banks.
- Write your opinion about the above passage.
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Index numbers are very significant/important in economics.
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Explain the functions of the commercial bank.
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Explain the functions of commercial bank.
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Find the odd word out:
Functions of commercial banks:
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Complete the correlation:
Demand deposits : Savings deposits : : Time deposits : ______.
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Explain why the demand curve slopes downwards.
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- Assertion (A): The demand curve slopes downwards.
- Reasoning (R): A fall in the price of goods increases the real income of the consumer enabling him/her to buy more.
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Assertion (A): Commercial banks can control credit.
Reasoning (R): Commercial banks function to earn profit.
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Identify and explain the concept from the given illustration:
Sara deposited a lump sum amount of ₹25,000 in the State Bank of India for a period of one year.
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Distinguish between:
Current Deposits and Recurring Deposits
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Study the following table and answer the questions:
| Price of Ice Cream (₹) | Quantity Supplied | Market Supply | ||
| Seller A | Seller B | Seller C | (A + B + C) | |
| 50 | 0 | 2 | 5 | 7 |
| 100 | 1 | `square` | 10 | 15 |
| 150 | `square` | 6 | 15 | 23 |
| 200 | 3 | 8 | 20 | `square` |
| 250 | 4 | 10 | `square` | 39 |
Questions:
- Complete the above table.
- State whether the following statements are True or False.
(a) Market supply has a direct relation to price.
(b) As the price rises from ₹50 to ₹250, market supply rises from 7 to 39. This indicates an increase in supply.
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Study the following diagram and answer the questions:
Questions:
- In which direction does the demand curve slope?
- What is the reason for the fall in demand of rice from Q0 to Q1?
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Trends shown by Public expenditure of any Government shows following trend.
- Constant
- Increasing
- Decreasing
- Fluctuating
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Explain the functions of commercial bank.
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Explain the functions of a commercial bank.
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Income elasticity of demand for inferior goods is negative.
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Income elasticity of demand for inferior goods is negative.
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