(English Medium) ICSE Class 10 - CISCE Important Questions

Give any two reasons for giving the monopoly right of note issue to the Central Bank.

Explain briefly three methods adopted by Commercial Banks to advance credit to borrowers.

Define bank rate.

What is meant by quantitative credit control?

Distinguish between statutory liquidity ratio and cash reserve ratio.

Briefly explain two qualitative methods of credit control adopted by this institution.

Explain the following function of the Central Bank:

Fiscal agent of the government.

Briefly discuss any two quantitative measures adopted by the Reserve Bank of India to control credit.

When State Bank of India is under financial crisis and borrows money from Central Bank at a certain rate against approved securities, it will be called as ______.

Assertion (A): Central bank as a banker to the government, works as a custodian of foreign exchange reserves.
Reason (R): The Central bank acts as a Clearing house for the transfer and settlement of mutual claims of commercial banks.

Statement 1: The Bank Rate policy of the central bank is a traditional method of credit control.

Statement 2: The method used by the central bank to influence the total volume in the banking system is a quantitative method of credit control.

Ms. Sakshi, who teaches economics, discussed the "minimum percentage of total deposits that commercial banks must maintain with the Central Bank according to current regulations. Select the correct term that defines this concept from the following choices.

How does proportional tax differ from progressive tax?

Mention one way by which the Government can reduce the inequalities of income and wealth in an economy.

What is meant by a degressive tax system?

Progressive taxation is suitable for the Indian economy. Give reasons to support your answer.

Distinguish between regressive tax and degressive tax.

What is a degressive tax? 

What are proportional taxes?

If the rate of tax falls with an increase in income, it is called as ______.