(English Medium) ICSE Class 10 - CISCE Important Questions for Economics

Define the term market.

Explain any four features of perfect competition.

Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.

“Money helps to express the monetary value of goods and services in the market”.

On the basis of the given statement, Identify the function performed by money.

"Does a shirt priced at Rs. 300 exemplify the store of value function of money? Select the appropriate option:

Mention one difference between demand deposits and time deposits

What is an overdraft facility?

Differentiate between demand deposits and fixed deposits. (Three points)

How is fixed deposit different from saving deposit?

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.