HSC Arts (English Medium) इयत्ता १२ वी - Maharashtra State Board Question Bank Solutions for Economics

______ : Commercial bank :: Credit control : Central bank

Deposits that are repayable after a certain period of time –

Purchase of goods and services by one country from another country −

Find the odd word

Organized sector -

Find the odd word

Types of foreign trade -

Deposits that are withdrawable on demand are known as ______.

Assertion (A): Public expenditure is that expenditure which is incurred by the public authority. [Central, State and Local Bodies]

Reasoning (R): Public expenditure is undertaken for protection of citizens, satisfying their collective needs and promoting their economic and social welfare.

Assertion (A): Credit control is an important function of commercial banks.

Reasoning (R): Commercial banks create deposits out of loans given thereby leading to credit creation.

Assertion (A): Trade is an engine of growth for an economy.

Reasoning (R): Trade plays an important role for economic development.

Identify & explain the concept from the given illustration.

AVM bank provides d-mat facility, internet banking, and mobile banking facilities to its customers.

Identify & explain the concept from the given illustration.

Alfonso mangoes from Maharashtra are sold in the international market.

Distinguish Between

Internal trade and Foreign trade

Explain the types of index numbers.

Explain the structure of organized sector of money market in India

Explain the types of foreign trade.

State with reason whether you agree or disagree with the following statement:

Issue of currency notes is the only function of Reserve Bank of India.

State with reason whether you agree or disagree with the following statement:

Commercial banks create credit.

PASSAGE

Post-liberalization, public sector banks have diversified into non- traditional activities such as mutual funds, merchant banking, venture capital funding etc. There is also growth in parabanking activities such as leasing, hire-purchase and factoring services.

Merchant banking includes issue management, project counselling, working capital financing, foreign currency loans, portfolio management etc.

Retail banking offers financial services to individuals for personal consumption such as housing loans, loans for purchase of consumer durables, auto loans, educational loans, credit cards etc.

Banks have been permitted to enter into the life insurance business.

1. Identify the areas of diversification undertaken by public sector banks post-liberalization (1 mark)
2. Mention the financial services offered under retail banking. (1mark)
3. Give your personal opinion based on the above passage. (2 marks)

What are the reasons for the recent growth in public expenditure?

The budget consists of revenue receipts and revenue expenditure ______