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Micheal Vaz solutions for 12th Board Exam Eco chapter 12 - Commercial Banking

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Chapters

Micheal Vaz Micheal Vaz Class 12 Economics

Micheal Vaz Class 12 Economics - Shaalaa.com

Chapter 12: Commercial Banking

Exercise

Micheal Vaz solutions for 12th Board Exam Eco Chapter 12 Exercise [Page 110]

Exercise | Q 1.1 | Page 110

Fill in the blank with appropriate alternatives given below

Deposits from __________ account can be withdrawn without any notice.

  • saving

  • current

  • fixed

  • recurring

Exercise | Q 1.2 | Page 110

Fill in the blank with appropriate alternatives given below

__________ is a primary function of commercial banks.

  • Purchasing and selling securities

  • Accepting deposits

  • Safe deposit vault

  • Letter of credit

Exercise | Q 1.3 | Page 110

Fill in the blank with appropriate alternatives given below

Every loan creates a __________.

  • credit

  • deposit

  • profit

  • loss

Exercise | Q 1.4 | Page 110

Fill in the blank with appropriate alternatives given below

Facility of E-banking is provided through __________

  • telephone

  • debit cards

  • internet

  • credit cards

Exercise | Q 2 | Page 110

Match the following:

Group A Group B
1. D-mat account a. Current account
2. Over draft facility b. Agency function
3. ATM facility c. Share brokers
4. Commercial bank d. General function
5. Credit creation e. Recurring account
  f. Profit making
  g. Central bank
  h. Commercial bank
Exercise | Q 3.1 | Page 110

State whether the following statement is True or False. 

Commercial banks are the backbone of modern economy. 

  • True

  • False

Exercise | Q 3.2 | Page 110

State whether the following statement is True or False.

The saving bank deposit can be opened with a small amount. 

  • True

  • False

Exercise | Q 3.3 | Page 110

State whether the following statement is True or False.

Credit money is created by the central bank of a country. 

  • True

  • False

Exercise | Q 3.4 | Page 110

State whether the following statement is True or False.

There is no difference between primary deposit and secondary deposit of a commercial bank. 

  • True

  • False

Micheal Vaz solutions for 12th Board Exam Eco Chapter 12 Exercise [Page 110]

Exercise | Q 1.1 | Page 110

Define explain the following concept.

Fixed deposits 

Exercise | Q 1.2 | Page 110

Define explain the following concept.

Cash credit 

Exercise | Q 1.3 | Page 110

Define explain the following concept.

Safe deposit vault 

Exercise | Q 1.4 | Page 110

Define explain the following concept.

Discounting of bills 

Exercise | Q 2.1 | Page 110

Give reason or explain the following statement:

Commercial banks provide agency functions to earn profits.

Exercise | Q 2.2 | Page 110

Give reason or explain the following statement:

Overdraft facility is provided to current account holders.

Exercise | Q 2.3 | Page 110

Give reason or explain the following statement:

Saving account deposits are usually opened by salaried class. 

Exercise | Q 2.4 | Page 110

Give reason or explain the following statement:

Rate of interest on fixed deposit is high. 

Micheal Vaz solutions for 12th Board Exam Eco Chapter 12 Exercise [Page 110]

Exercise | Q 1.1 | Page 110

Distinguish between: 

Call loans and long term loans 

Exercise | Q 1.2 | Page 110

Distinguish between: 

Current account and saving account

Exercise | Q 1.3 | Page 110

Distinguish between: 

Cash credit and overdraft facility 

Exercise | Q 2.1 | Page 110

Write short note on: 

Derivative deposit 

Exercise | Q 2.2 | Page 110

Write short note on:

E-banking facility 

Exercise | Q 2.3 | Page 110

Write short note on:

D-mat account 

Exercise | Q 2.4 | Page 110

Write short note on:

Long term loans 

Micheal Vaz solutions for 12th Board Exam Eco Chapter 12 Exercise [Page 110]

Exercise | Q 1 | Page 110

Answer the following question:
Explain various types of deposits. 

Exercise | Q 2 | Page 110

Answer the following question:
What are the different types of loans provided by commercial banks? 

Micheal Vaz solutions for 12th Board Exam Eco Chapter 12 Exercise [Page 110]

Exercise | Q 1.1 | Page 110

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

A commercial bank create credit on the basis of primary deposit. 

Exercise | Q 1.2 | Page 110

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

Commercial banks perform many general utility services.

Micheal Vaz solutions for 12th Board Exam Eco Chapter 12 Exercise [Page 110]

Exercise | Q 1.1 | Page 110

Answer in detail:
What are the primary functions of commercial banks? 

Exercise | Q 1.2 | Page 110

Answer in detail:
Explain the process of credit creation. 

Exercise | Q 1.3 | Page 110

Answer in detail:
What are the secondary functions of commercial banks? 

Chapter 12: Commercial Banking

Exercise

Micheal Vaz Micheal Vaz Class 12 Economics

Micheal Vaz Class 12 Economics - Shaalaa.com

Micheal Vaz solutions for 12th Board Exam Economics chapter 12 - Commercial Banking

Micheal Vaz solutions for 12th Board Exam Eco chapter 12 (Commercial Banking) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Micheal Vaz Class 12 Economics solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Micheal Vaz textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in 12th Board Exam Economics chapter 12 Commercial Banking are Commercial Banks.

Using Micheal Vaz 12th Board Exam solutions Commercial Banking exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Micheal Vaz Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Micheal Vaz Textbook Solutions to score more in exam.

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