Goyal Brothers Prakashan solutions for Commercial Studies [English] Class 10 ICSE chapter 14 - Banking [Latest edition]

RBI is ______.

Which of the following is a Commercial Bank?

A bank is an institution which accepts _____ from the public and advances ______.

The central bank of a country serves as the leader of the banking system and the moneymarket.

It acts as the bankers' bank.

It carries out the country's monetary policy.

______ is the apex institution of the country's monetary and banking structure where as ______ is one of the organs of the money market.

Central bank is owned by the ____ while commercial bank is owned by ______.

Central bank is the ______ of the country's foreign currency reserves.

Which of the following is/are the function(s) of central bank.

It is a funds transfer system under which transfer of funds takes place from one bank to another on a real time and gross basis.

Real Time means there is ______.

It is a countrywide system by which an individual, firm or company can electronically transfer funds from any bank branch to another individual, firm or company having an account with any other bank branch in the country.

IMPS stand for ______.

It is a type of electronic card which is used for transactions made online through a computer or a smartphone.

Electronic banking is a part of ______ banking.

A customer can withdraw or deposit money with the help of this machine by inserting his/her card and typing his/her personal identity number.

In case of ______ cardholder makes payment after using the card.

In case of ______ cardholder makes payment before using the card.

This fraud occurs when assets of a company are overstated or its liabilities are understated in order to make it appear financially stronger than what it is in reality.

Any action taken with the intention to obtain a fraudulent benefit from an insurance process is an fraud.

This is a fraud involving property that is protected under patent, trademark, copyright and trade secret laws.

This type of fraud involves a computer and a network.

What are the cautions to be used while using debit or credit cards?

Which of the following is not precautions to be used while using debit or credit cards?

The ______ is the central bank of our country which has the authority to print currency notes.

The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.

Name the central bank of our country.

Name the largest commercial bank of India.

Give two major functions of the central bank of our country.

Distinguish between the Central Bank and the Commercial Bank.

Name one development bank.

"A central bank is a bankers' bank." Explain.

Mention three credit control functions of the Reserve Bank of India.

What is meant by an overdraft facility given by a commercial bank?

What is Banking?

What is meant by clearing house function of the RBI?

"The central bank is the lender of the last resort." Explain.

Distinguish between the Central Bank and the Commercial Bank.

What is IMPS?

State two advantages of travellers cheques.

What is an ATM?

State any two precautions while using an 'ATM'.

What is a credit card?

What is a debit card?

Give the full form of RTGS.

Give the full form of IMPS.

Distinguish between a Debit card and a Credit card.

Distinguish between overdraft and cash credit.

Distinguish between saving account and current account.

What is 'National Electronic Fund Transfer'?

What is meant by E-banking?

Give two agency functions of commercial banks.

What is false accounting?

Explain in brief Credit Card Fraud?

Describe Insurance Fraud.

What do you mean by Internet and Cyber Fraud?

Write a short note on Intellectual Property Fraud.

Write a short note on 'RTGS'.

What is a commercial bank?

Explain main functions of commercial bank.

What is meant by the central bank of a country?

Explain in brief four methods usually adopted by the central bank to control credit in the country.

What is a Central Bank?

What are the important functions of Central bank? Which of these functions are more important in a country like India?

Distinguish between the Central Bank and the Commercial Bank.

Explain the 'Clearing House Function' of the Central Bank?

What are the important functions of Central bank? Which of these functions are more important in a country like India?

Compare and contrast the features of RTGS and NEFT. 

List any four features of NEFT. 

Explain the meaning of SMS alert.

Describe in brief various financial fraudulent practices.

What is Financial Accounting Fraud? State its motives.

What steps can be taken against financial accounting fraud?

Write a short note on Intellectual Property Fraud.

What steps can be taken to protect against Intellectual property Fraud?

What is an ATM?

What is 'National Electronic Fund Transfer'?

Write a short note on 'RTGS'.

State three precautions that must be taken while using credit or debit cards.

What is a Bank Draft?

What is Banker's Cheque?

Write a short note on 'RTGS'.

What is 'National Electronic Fund Transfer'?

Enumerate various types of E-banking facilities.

What is a commercial bank?

Explain main functions of commercial bank.

Describe the advantages of opening a bank account.

Explain different types of banks.

What is IMPS?

What are Mobile wallets?

What is meant by clearing house function of the RBI?

Distinguish between a Debit card and a Credit card.