Goyal Brothers Prakashan solutions for Commercial Applications [English] Class 10 ICSE chapter 7 - Banking and Bank Transactions [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 ______ of a country serves as the leader of the banking system and the money market.

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 sole ______ of the country's foreign currency reserve.

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

It means signing on the back of the negotiable instrument with the objective of transferring its ownership.

It means restricting its circulation by writing something on it.

It is a banker's cheque.

______ is a book issued by a bank to an account holder.

______ book contains blank forms for depositing cash or cheques in a bank.

A cheque can be ______.

Commercial banks accept deposits, lend money and provide other services.

A central bank acts as a banker's bank, bank to government, and regulator of credit.

Central bank regulates credit through ______.

______ are the main types of bank accounts.

______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.

A ______ is one which is not payable across the counter of the bank. It can be collected only through a bank.

An ______ is a cheque which is payable across the counter of the bank.

In this account, the account holder is required to deposit a specific amount every month. After the expiry of the specified period, the depositor gets back his money together with interest thereon.

A fixed deposit is also known as ______.

______ is a Banker's Bank.

In this type of account, no cheque book is issued to the account holder:

A bank is a ______ which collects money from the public in the form of deposits and lends the same to the borrowers.

ATM means ______.

The ______ is an extract or copy of the customer's account in the bank's ledger as on a particular date.

A demand draft is preferable to a cheque. Justify either for or against.

Explain in brief moral suasion as a tool of credit control.

What do you mean by Industrial Banks?

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

What are the two main functions of a commercial bank?

What is a savings deposit?

How does the Central Bank control credit through SLR?

What are current accounts?

What are the advantages of 'Account Payee' crossing of a cheque?

Give two effects of crossing a cheque.

What are open market operations of a Central Bank?

Distinguish between:

Fixed Deposit Account and Recurring Deposite Account.

What is meant by Discounting of a Bill of Exchange?

Distinguish between:

cash credit and loan.

What is a Recurring Deposit Account?

Mention any two agency functions/services of a commercial bank.

What is the term used for a cheque that can be encashed across the counter of the bank?

"A cheque is an inconvenient method of making payments". Justify for or against.

List/Mention any two/three circumstances under which a bank can refuse payment or dishonour a cheque.

Explain Bank Rate Policy as a tool of Credit Control.

A crossed cheque is a safer mode of payment as compared to an open. cheque." Justify.

Explain the term bank overdraft.

Explain the term Not Negotiable Crossing.

How do exchange banks help in financing foreign trade?

Distinguish between saving account and current account.

Explain the term bank overdraft.

Give two differences between stale cheque and post-dated cheque.

The central bank of a country is the banker's bank. Justify for or against by giving two reasons.

What does a pay-in-slip contain?

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

Why was EXIM Bank set up in India?

Write any two differences between:

Central Bank and Commercial Bank

With the help of an example, explain the clearing house functions of RBI.

Banking is a relationship-oriented industry. Give two reasons either for or against.

State one point of difference between Cash Credit and Overdraft.

How is discounting of a bill of exchange a form of bank lending?

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

Distinguish between:

Fixed Deposit Account and Recurring Deposite Account.

What is a bank draft?

Write about any three general utility functions of Commercial Bank.

State one difference between cheque and bank draft.

Describe the advantages of opening a bank account.

Bank draft cannot get dishonomed. Justify for or against.

Commercial Banks are the lender of the last resort.

What is a savings deposit?

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 commercial bank?

What are the two main functions of a commercial bank?

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?

What is a Central Bank?

Bring out the importance of a central bank by making special reference to the functions it performs.

Explain the four functions of the Reserve Bank of India.

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

What are the different types of deposit accounts that can be opened in a commercial bank? Briefly explain them.

Differentiate between Savings Deposit and Current Deposit.

Distinguish between:

Fixed Deposit Account and Recurring Deposite Account.

Give two differences between stale cheque and post-dated cheque.

What is a cheque?

Explain different types of cheques.

What is crossing of a cheque?

What are types of crossing?

What is endorsement of a cheque?

Discuss various types of endorsement.

Discuss various types of endorsement.

What is endorsement of a cheque?

State the essentials of a valid endorsement.

Discuss various types of endorsement.

Explain any five functions of the RBI in context with the Indian economy.

What is endorsement of a cheque?

What are the general rules governing an endorsement?

State one difference between cheque and bank draft.

What are the different types of deposit accounts that can be opened in a commercial bank? Briefly explain them.

Explain the different types of schemes through which a bank may receive time deposits.

With the help of an example, explain the clearing house functions of RBI.

show the importance of "banker's clearing house" in modern banking.

Define a cheque.

List/Mention any two/three circumstances under which a bank can refuse payment or dishonour a cheque.

Discuss various types of endorsement.

What are types of crossing?

Explain different types of cheques.

Distinguish between the Central Bank and the Commercial Bank.

Describe the procedure to be followed to open a bank account.

Discuss various types of endorsement.

Differentiate between current deposit account and fixed deposit account.

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

"Travellers, cheques make travelling safe and convenient." Comment.

How does the Central Bank control credit through SLR?

What is a bank draft?

Why is a bank draft a safe mode of money transfer?

What is crossing of a cheque?

What are types of crossing?

Write short notes on the importance of a cheque.

Write short notes on the primary functions of commercial banks.

Explain Cash Reserve Ratio.

Explain Statutory Liquidity Ratio.

What is creation of credit?

Describe any two quantitative credit control methods.

Distinguish between a cheque and bill of exchange.

Describe the procedure to be followed to open a bank account.

List any two functions of the central bank.

Explain any two Lending Money functions of Commercial Banks.

What is a Recurring Deposit Account?

Explain briefly the five agency functions of a commercial bank.

State two advantages of a bank account.

Name the central bank of our country.

Name the largest commercial bank of India.

Name one development bank.

What do you mean by Industrial Banks?

What are the two main functions of a commercial bank?

What is a savings deposit?

What is a current account?

State one point of difference between Cash Credit and Overdraft.

How is discounting of a bill of exchange a form of bank lending?

List/Mention any two/three circumstances under which a bank can refuse payment or dishonour a cheque.

Give two differences between stale cheque and post-dated cheque.

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

What is crossing of a cheque?

What are types of crossing?

What is a bank draft?

Why is a bank draft a safe mode of money transfer?

Distinguish between:

cash credit and loan.

State one point of difference between Cash Credit and Overdraft.

Distinguish between.

Cheque book and Passbook

Give two differences between stale cheque and post-dated cheque.

Explain five rules necessary for the endorsement of cheques.