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Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Notes PDF Download: Tamil Nadu STD 11th Commerce Chapter 10 Reserve Bank of India Notes

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Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Notes PDF Download: Tamil Nadu STD 11th Commerce Chapter 10 Reserve Bank of India Notes
Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Notes PDF Download: Tamil Nadu STD 11th Commerce Chapter 10 Reserve Bank of India Notes


Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Notes PDF Download: Students of class can download the Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Notes PDF Download from our website. We have uploaded the Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India notes according to the latest chapters present in the syllabus. Download Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Chapter Wise Notes PDF from the links provided in this article.


Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Notes PDF Download

We bring to you specially curated Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Notes PDF which have been prepared by our subject experts after carefully following the trend of the exam in the last few years. The notes will not only serve for revision purposes, but also will have several cuts and easy methods to go about a difficult problem.


Board

Tamilnadu Board

Study Material

Notes

Class

Samacheer Kalvi 11th Commerce

Subject

11th Commerce

Chapter

Chapter 10 Reserve Bank of India

Format

PDF

Provider

Samacheer Kalvi Books

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Download Samacheer Kalvi 11th Commerce Chapter 10 Reserve Bank of India Chapterwise Notes PDF

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EXERCISE

I. Choose the Correct Answer

Question 1.
Which bank has the power to issue bank notes?
a. Central bank
b. Commercial bank
c. Co-operative banks
d. foreign banks
Answer:
b. Commercial bank

Question 2.
The Central bank of India is
a. PNB
b. SBI
c. ICICI
d. RBI
Answer:
a. PNB

Question 3.
The Reserve Bank of India commenced its operations from April 1,
a. 1936
b. 1935
c. 1934
d. 1933
Answer:
b. 1935

Question 4.
Bankers are not only dealers of money but also leaders in
a. Economic development
b.Trade development
c. Industry development
d. Service development
Answer:
a. Economic development

Question 5.
Which of the following is not a function of a central bank?
a. Guiding and regulating the banking system of a country
b. Deal with the general public
c. Acts essentially as Government banker
d. Maintains deposit accounts of all other banks
Answer:
b. Deal with the general public

II. Very Short Answer Questions

Question 1.
What are the services included in Service businesses?
Answer:
Educational, Medical, Hospitality, and banking are the services included in service businesses. Bank service is the nerve center of industry and commerce in a country.

Question 2.
Write the meaning of ‘Bank.
Answer:
Bank is a financial institution which accepts deposits from the public and creates credit.

Question 3.
Briefly explain about Central Bank.
Answer:
Every nation has one central bank. It is owned by the Government of the country. The control over the entire banking system of a country is vested with this apex bank. Central banks are known by different names in different countries. In India, the Reserve Bank of India (RBI) is the central bank.

III. Short Answer Questions

Question 1.
Mention the importance of banking services.
Answer:
Banking service is the nerve center of industry and commerce in a country. It plays a vital role by providing the money required for their regular functioning and development.

Question 2.
Explain the origin of RBI.
Answer:
In 1926 the Hilton – Young Commission or the Royal Commission on Indian Currency and Finance (J.M. Keynes and Sir Ernest Cable were its members) made a recommendation to create a central bank. RBI Act 1934 was passed and RBI launched its operations from April 01, 1935. After independence, the Government of India passed the RBI Act, 1948 and took over RBI after paying compensation to the private shareholders. According to the recommendations from January 1, 1949, RBI started functioning as a government-owned central bank of India.

Question 3.
Who are the persons involved in RBI administration?
Answer:
The RBI is governed by the central board of directors. The 21 members board is appointed by the Government of India. It consists of:

  1. One Governor and four deputy governors appointed for a period of four years.
  2. Ten Directors from various fields
  3. Two Government officials
  4. Four Directors – one each from local boards.

IV. Long Answer Questions

Question 1.
Classify the various functions of Reserve Bank of India.
Answer:
The functions of the RBI can be grouped under three heads:

  • Leadership and Supervisory Functions
  • Traditional Functions
  • Promotional Functions

(i) Leadership and Supervisory Functions:

  • India’s Representative in World Financial Institutions
  • Regulator and Supervisor of Indian Banking System
  • Monetary Authority
  • Closely Monitoring Economic Parameters
  • Promptly Responding to New Challenges

(ii) Traditional Functions:

  • Banker and Financial Advisor to the Government
  • The monopoly of Note Issue
  • Banker’s Bank
  • Controller of Credit and Liquidity
  • Quantitative Methods of Credit Control
  • Qualitative Credit Control Measures
  • Lender of the Last Resort
  • Clearing House Services
  • Custodian of Foreign Exchange Reserves
  • Maintenance of Foreign Exchange Rate
  • Collection and Publication of Authentic Data

(iii) Promotional Functions:

  • Nurturing Banking Habits among the Public
  • Grievance Settlement Measures
  • Agricultural Development
  • Promotion of Small Scale Industries
  • Facilitates Foreign Trade
  • Supports Cooperative Sector

Question 2.
Explain the organizational structure of RBI.
Answer:
The head office of the RBI is situated in Mumbai. This Central office has 33 departments in 2017. It has four zonal offices in Mumbai, Delhi, Calcutta, and Chennai functioning under local boards with deputy governors as their heads. It also has 19 regional offices and 11 sub-offices. The RBI is governed by a Central Board Director. The 21 members board is appointed by the Government of India. It consists of;

  • One governor and four deputy governors appointed for a period of four years.
  • Ten directors from various fields
  • Two Government officials
  • Four directors – one each from local boards

11th Commerce Guide Reserve Bank of India Additional Important Questions and Answers

I. Choose the Correct Answer

Question 1.
The head office of the RBI is situated in …………….
(a) Calcutta
(b) Mumbai
(c) Delhi
(d) Chennai
Answer:
(b) Mumbai

Question 2.
………………… ‘ was the first bank in India established in 1770.
a. Audh Bank
b. Bank of Calcutta
c. Bank of Bombay
d. Bank of Hindustan
Answer:
d. Bank of Hindustan

Question 3.
When did India become a member of IBRD and IMF?
(a) 1946
(b) 1947
(c) 1945
(d) 1946
Answer:
(c) 1945

Question 4.
………………. banks were nationalised in India in the year 1969.
a. 15
b. 14
c. 20
d. 41
Answer:
a. 15

Question 5.
Currency notes are printed at …………….
(a) Nasik
(b) Mumbai
(c) Delhi
(d) Kolkatta
Answer:
(a) Nasik

Question 6.
RBI is governed by…………………. central board of directors.
a. 15
b. 12
c. 21
d. 20
Answer:
c. 21

Question 7.
Among global currencies, the Indian rupee is given the code ……………….
(a) INR
(b) Rs.
(c) NRI
(d) IRN
Answer:
(a) INR

Question 8.
RBI is also called as …………….. Bank.
a. World
b. Central
c. National
d. Banker’s
Answer:
d. Banker’s

Question 9.
The rupee symbol was changed from Rs. 10 by the government of India on ………………..
a. July 15, 2010
b. May 21, 1998
c. January 1, 1969
d. December 15, 2010
Answer:
a. July 15, 2010

Question 10.
The number of clearinghouses maintained by SBI is………………
a. 480
b. 840
c. 860
d. 680
Answer:
b. 840

II. Very Short Answer Questions

Question 1.
What is the Statutory Liquidity Ratio (SLR)?
Answer:
It is the ratio of money and money equivalents kept within the bank in proportion to the total Time and Demand Liabilities with them.

Question 2.
Write a note on the first bank in India.
Answer:
Bank of Hindustan was the first bank in India established in 1770 and was closed in 1932.

Question 3.
Expand NABARD.
Answer:
National Bank for Agriculture and Rural Development.

Question 4.
What are all ‘Presidential Banks’?
Answer:
Bank of Bombay, Bank of Madras, and Bank of Bengal are called Presidential Banks.

Question 5.
What do you mean by CRR?
Answer:
Cash Reserve Ratio (CRR) means it is the ratio of cash reserves with the RBI kept by Scheduled banks in proportion to the total Time and Demand Liabilities with them.

Question 6.
Explain SLR.
Answer:
It is the ratio of money and money equivalents kept within the bank in proportion to the total Time and Demand Liabilities with them.

Question 7.
How did the remonetization carried out in India in the year 2016?
Answer:
The remonetization was carried out by issuing new 2000 and 500 currency notes.

Question 8.
What do you mean by Repo rate?
Answer:
Repo rate is the repurchase rate at which the RBI repurchases the Government securities (other securities also) from the Scheduled banks and gives loans.

Question 9.
What do you mean by reverse repo rate?
Answer:
Reverse repo rate is the rate at which the RBI borrows money from Commercial banks by giving back those Government securities.

III. Short Answer Questions:

Question 1.
Define Bank.
Answer:
According to Banking Regulation Act 1949, “Banking means the accepting for the purpose of lending or investment of deposits of money from the public, repayable on demand ór otherwise and withdrawable by cheque, draft, pay order or otherwise”.

Question 2.
Define Central Bank.
Answer:
According to the Bank of International Settlement (BIS), “A Central Bank is the bank in any country to which has been entrusted the duty of regulating the volume of currency and credit in that country.”

Question 3.
Write a note on Demonetisation.
Answer:
The government of India on the recommendation of the RBI carried out demonetization on November 8, 2016, in order to;

  • To crack a whip against black money,
  • Drive out counterfeit currency in circulation.
  • Formalization of cash-dependent business, and
  • Dismantling the financial strength of terrorism and Naxalism.

IV. Long Answer Questions

Question 1.
Explain the historical development of banking in India:
Answer:

  • Bank of Hindustan was the first bank in India established in 1770 and was closed in 1932.
  • The General Bank of India was established in 1786 and was also liquidated in 1791.
  • Bank of Calcutta was the first joint-stock bank established in 1806. It was renamed the Bank of Bengal in 1809.
  • Bank of Bombay in 1840 and Bank of Madras in 1843 were established. “ These banks are called Presidential Banks.
  • In the year 1881 ‘Audh Bank’ was started and it was renamed Punjab National Bank in 1894.
  • These Presidential banks were amalgamated into the Imperial Bank of India on 27 January 1921.
  • It confined its operations to the urban sector and the rural sector was completely neglected in those days.
  • After Independence, an Act was passed in the Parliament to take over the Imperial Bank of India by the Government and the State Bank of India came into being on July 1, 1995.

Question 2.
Explain the credit-control methods
Answer:
a) Quantitative Methods of Credit Control
The methods which influence the total volume of credit in the Indian economy are called quantitative or general methods. An increase in the first three measures will reduce the volume of money in circulation in India and vice versa.

i. Bank Rate Policy:
Bank rate refers to the rate at which the RBI re-discounts the bills given by the Scheduled banks.

ii. Cash Reserve Ratio (CRR):
It is the ratio of cash reserves with the RBI kept by Scheduled banks in proportion to the total Time and Demand Liabilities with them.

iii. Statutory Liquidity Ratio (SLR):
It is the ratio of money and money equivalents kept within the bank in proportion to the total Time and Demand Liabilities with them.

iv. Open Market Operations:
The RBI directly buys or sells the securities and bills in the money market either to decrease or to increase the total volume of money.

b) Qualitative Credit Control Measures:
These methods influence the volume of money in selected or particular sectors of the economy.

i. Rationing of credit:
The maximum limit is fixed for lending to certain sectors or specific purposes, in order to include more people to avail banking services. It has also taken up the task of extending the banking system territorially and functionally to the unbanked areas.

ii. Moral Suasion:
The RBI puts pressure on the banks towards liberal or restricted lending during certain periods.


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  • Pay attention to the important topics
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