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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.
Concept: Structure of Money Market in India > Organized Sector >> Commercial Banks
- Assertion (A): The unorganized sector of the money market Lacks transparency.
- Reasoning (R): Activities of the unorganized sector are Largely confined to rural areas.
Concept: Structure of Money Market in India > Unorganized Sector
- Assertion (A): The money market economizes the use of cash.
- Reasoning (R): The money market deals with financial instruments that are close substitutes for money.
Concept: Role of Money Market in India
Complete the correlation:
Co-operative banks : Organised Sector :: Indigenous bankers : ______
Concept: Structure of Money Market in India > Unorganized Sector
Factors which are working in unorganized money market.
- Money lenders
- Commercial bank
- Hundi
- Chit funds
Concept: Structure of Money Market in India > Unorganized Sector
Types of foreign trade:
- Import trade
- Export trade
- Entrepot trade
- Internal trade
Concept: Types of Foreign Trade
Choose the correct option:
Export trends of India’s foreign trade include:
- Engineering goods
- Gems and Jewellery
- Textiles and ready-made garments
- Gold
Concept: Trends in India’s Foreign Trade since 2001
Choose the correct option:
The role of foreign trade is:
- To earn foreign exchange
- To encourage investment
- Lead to the division of labour
- Bring change in the composition of exports
Concept: Role of Foreign Trade
State with reason whether you agree or disagree with the following statement:
Foreign trade leads to division of labour and specialization at world level.
Concept: Role of Foreign Trade
Explain the recent trends in India’s exports.
Concept: Trends in India’s Foreign Trade since 2001
Goods purchased from other countries : ______ :: Goods sold to other countries : Export
Concept: Trends in India’s Foreign Trade since 2001
Distinguish Between:
Import Trade and Export Trade
Concept: Types of Foreign Trade
Purchase of goods and services from one country and selling them to another country is ______
Concept: Types of Foreign Trade
Assertion and reasoning question:
- Assertion (A): International trade leads to the division of labour and specialization.
- Reasoning (R): India's national trade is not increasing.
Concept: Role of Foreign Trade
