Deposits with the banks are beneficial to the depositors as well as to the nation'. Examine the statement. -SST 10th

Deposits with the banks are beneficial to the depositors as well as to the nation'. Examine the statement. -SST 10th
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Answer :

1. Banks accept money in the form of deposits from people who have surplus cash. These deposits are used by the banks in giving loans to people for various purposes.  2. The bank after accepting the deposits also pays a certain amount of interest on the deposit and charges a certain rate of interest on the amount given to a particular borrower. Such deposits with the bank are beneficial in extending loans for various economic activities such as setting up of industries, small-scale businesses and so on.  3. The extension of loans to people at low rates of interest, in the long run, contribute towards the healthy growth and well being of people as their cash incomes rise. Rise in income, in turn, contributes to the better standards of living and towards the overall economic development of the country's economy in a positive direction.
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“Deposits with the banks are beneficial to the depositors as well as to the nation”. -SST 10th

Description : “Deposits with the banks are beneficial to the depositors as well as to the nation”. -SST 10th

Last Answer : The deposits with the banks are beneficial to the depositors because of the following reason : (i) Safety (ii) Earn Interest. (iii) Can make payment easily through cheques Benefits of Bank ... be concluded that deposits with the banks are beneficial to the depositors as well as to the nation.

“Deposits with the banks are beneficial to the depositers as well as to the nation” -SST 10th

Description : “Deposits with the banks are beneficial to the depositers as well as to the nation” -SST 10th

Last Answer : Deposits with the banks are beneficial to the depositors as well as to the nation. Benefits to the Depositors: 1.Banks accepts the deposits and pay interest to the depositor. 2.People's money is safe ... those who are in need of these funds. Thus it helps in the economic development of the nation.

How are deposits with the banks beneficial for an individual as well as for the nation ? Explain with examples. -SST 10th

Description : How are deposits with the banks beneficial for an individual as well as for the nation ? Explain with examples. -SST 10th

Last Answer : Deposits with banks are beneficial for both individual and nation: 1. People can deposit money with banks after opening a bank account. This ensures the safety of the money and they also earn an ... Person A can also avail loan at an interest rate lesser than what is in the informal sector.

What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.

How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Description : How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Last Answer : The deposits with banks are beneficial for individual as well as for nation: (i) Banks accept deposit and also pay an amount as interest and in this way people earn money. (ii) ... of International trade. (vii) Development of infrastructure is undertaken with the loans provided by the banks.

Overdraft facility is given only to current depositors.

Description : Overdraft facility is given only to current depositors.

Last Answer : Justify the following statement: Overdraft facility is given only to current depositors.

Which of the following is not available to depositors of NBFCs? A. Deposit Insurance facility B. Acquisition of shares C. Loans and Advances D. All of the Above E. None of the Above

Description : Which of the following is not available to depositors of NBFCs? A. Deposit Insurance facility B. Acquisition of shares C. Loans and Advances D. All of the Above E. None of the Above

Last Answer : A. Deposit Insurance facility Explanation: Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.

Mark the correct option a) SB 26 denotes preliminary receipt b) SB 28 denotes receipts for depositors passbook c) SB 58 denotes long book d) All the above

Description : Mark the correct option a) SB 26 denotes preliminary receipt b) SB 28 denotes receipts for depositors passbook c) SB 58 denotes long book d) All the above

Last Answer : d) All the above

How do the deposits with banks become their source of income ? -SST 10th

Description : How do the deposits with banks become their source of income ? -SST 10th

Last Answer : Banks use a major portion of the deposits to extend loans to people for various economic activities. The interest rates on loans are much higher than what the bank charges on the deposits it has. ... from the borrowers and what is paid to the depositors is the source of income of the banks.

What do banks do with the deposits they accept from customers ? -SST 10th

Description : What do banks do with the deposits they accept from customers ? -SST 10th

Last Answer : Banks use most of the deposits to extend loans to people.

What do the banks do with the 'Public Deposits'? -SST 10th

Description : What do the banks do with the 'Public Deposits'? -SST 10th

Last Answer : Banks accept deposits from the Public and use the major portion of these deposits to extend loans. There is a huge demand for loans for various economic activities. Banks make use of these deposits ... (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits.

Why are deposits in the banks called demand deposits? -SST 10th

Description : Why are deposits in the banks called demand deposits? -SST 10th

Last Answer : Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.

Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th

Description : Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th

Last Answer : A cheque is a paper instructing the bank to pay a specific amount from a person's account to the person in whose name the cheque has been issued. The payer,who has an account with ... facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash.

How do the deposits with banks become their source of income ? -SST 10th

Description : How do the deposits with banks become their source of income ? -SST 10th

Last Answer : Banks charge higher interest rate on loans than what they offer on deposits. The difference of interest is the main source of income of banks.

What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Description : What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Last Answer : a deposit of money that can be withdrawn without prior notice, e.g. in a current account. For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or ... federal government, with backing from the US Treasury, can replace any money that was lost by the bank.

The primary functions of Commercial Banks include-Accepting deposits and Lending funds.

Description : The primary functions of Commercial Banks include-Accepting deposits and Lending funds.

Last Answer : Justify the following statement: The primary functions of Commercial Banks include-Accepting deposits and Lending funds.

i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : (1) The sum of currency in circulation and the demand deposits in banks Explanation: The four main monetary aggregates of measures of money supply which reflect the state of the monetary sector ... This category of money is considered to be the most readily available for transactions and commerce.

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : (2) Currency with the public is less than the deposits with the banks. Explanation: Money supply in India includes the following: (i) Currency with the public: (ii) Demand deposits and time ... to total supply of money has been increasing with reciprocal diminution in currency held by the public.

Commercial banks create credit - (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Description : Commercial banks create credit - (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Last Answer : (4) on the basis of their deposits Explanation: Commercial banks create credit on the basis of their deposits. Credit creation is the multiple expansions of banks demand deposits. Whenever, ... will depend on the primary deposits and also on the amounts of minimum legal resource requirement.

The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Description : Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending.

No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Description : No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Last Answer : Current deposits

Marketing in Banks is required for ? 1. Getting new customers 2. Retaining existing customers 3. Lending 4. D) Accepting of deposits 5. All of these

Description : Marketing in Banks is required for ? 1. Getting new customers 2. Retaining existing customers 3. Lending 4. D) Accepting of deposits 5. All of these

Last Answer : All of these

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

What is the Cash Reserve Ratio (CRR)? a) the fraction of the deposits that commercial banks lend to the customers b) the fraction of the deposits that RBI must keep with commercial banks c) the fraction of the deposits that commercial banks must keep with RBI d) none of the above

Description : What is the Cash Reserve Ratio (CRR)? a) the fraction of the deposits that commercial banks lend to the customers b) the fraction of the deposits that RBI must keep with commercial banks c) the fraction of the deposits that commercial banks must keep with RBI d) none of the above

Last Answer : c) the fraction of the deposits that commercial banks must keep with RBI

What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Description : What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Last Answer : b) the proportion of total deposits commercial banks keep as reserves

Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Description : Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Last Answer : (a) Issue of paper notes.

Commercial banks create credit (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Description : Commercial banks create credit (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Last Answer :  on the basis of their deposits

The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : sale of stocks and bonds to the public

What is “narrow money” ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is narrow money ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : The sum of currency in circulation and the demand deposits in banks

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : Currency with the public is less than the deposits with the banks. 

The first clear expression of nationalism came with the French Revolution' in 1789.' Examine the statement. -SST 10th

Description : The first clear expression of nationalism came with the French Revolution' in 1789.' Examine the statement. -SST 10th

Last Answer : France, being a full-fledged territorial state in 1789, under the rule of an absolute monarchy, witnessed political and constitutional changes in the wake of the French Revolution. From the very ... .S was worried about communists gaining power in Vietnam, they sent in their troops and arms.

Democracies do not appear to be very successful in reducing economic inequalities.' Examine the statement with examples. -SST 10th

Description : Democracies do not appear to be very successful in reducing economic inequalities.' Examine the statement with examples. -SST 10th

Last Answer : Democracies don't appear to reduce economic inequalities: 1. If economic growth rates of dictatorships and democracies are compared from 1950-2000, dictatorships have a slightly higher ... of government because it has various other positive outcomes alongside possibilities of economic development.

The distribution pattern of Indian Railway network is influenced by the physiographic factors Examine the statement. -SST 10th

Description : The distribution pattern of Indian Railway network is influenced by the physiographic factors Examine the statement. -SST 10th

Last Answer : The physiographic factors that influenced the distribution pattern of Indian Railways: 1. Northern Plains were the most favourable because of its level land, agricultural prowess, and high ... Rajasthan, Gujarat swamps and forested tracks of Madhya Pradesh, Chhattisgarh, Odisha, and Jharkhand.

Dalit participation was limited in the Civil Disobedience Movement'. Examine the statement. -SST 10th

Description : Dalit participation was limited in the Civil Disobedience Movement'. Examine the statement. -SST 10th

Last Answer : Dalit participation in Civil Disobedience Movement was limited: 1. Congress had ignored Dalits for a long time because they didn't want to offend the conservative high-caste Hindus. ... in educational institutions. So Dalit participation was limited especially in the Maharashtra and Nagpur region.

“Some of the Muslim political organisations in India were lukewarm in their response to the Civil Disobedience Movement.” Examine the statement. -SST 10th

Description : “Some of the Muslim political organisations in India were lukewarm in their response to the Civil Disobedience Movement.” Examine the statement. -SST 10th

Last Answer : (i) A large section of Muslims felt alienated from the Congress after the decline of non-cooperation and Khilafat movement. (ii) From the mid 1920s, the congress came to be visibly ... Alienated from the congress, large section of Muslims could not respond to the call for united struggle.

“Dalit participation was limited in the Civil Disobedience Movement.” Examine the statement. -SST 10th

Description : “Dalit participation was limited in the Civil Disobedience Movement.” Examine the statement. -SST 10th

Last Answer : Dalit participation was limited in the Civil Disobedience Movement. There were several reasons behind it: (i) The congress had ignored the dalits for a long time because it suffered ... therefore limited,particularly in the Maharashtra and Nagpur region where their organisation was quite strong.

“Some of the Muslim political organizations in India, were lukewarm in their response to the ‘Civil Disobedience Movement’.” Examine the statement. -SST 10th

Description : “Some of the Muslim political organizations in India, were lukewarm in their response to the ‘Civil Disobedience Movement’.” Examine the statement. -SST 10th

Last Answer : Large sections of Muslims were lukewarm in their response to the Civil Disobedience Movement due to the following factors : (i) The decline of Khilafat and Non-Cooperation Movements ... League gained prominence with its claim of representing Muslims and demanding separate electorates for them.

“Dalit participation was limited in the Civil Disobedience Movement”. Examine the statement. -SST 10th

Description : “Dalit participation was limited in the Civil Disobedience Movement”. Examine the statement. -SST 10th

Last Answer : Dalit participation was limited in the Civil Disobedience Movement. The causes for this are listed below: (i) Dr B.R. Ambedkar, who organized the Dalits into the Depressed Classes Association ... Provincial and Central Legislative Councils, but they were to be voted in by the general electorate.

Dense and efficient network of transport is a prerequisite for trade.'' Examine the statement. -SST 10th

Description : Dense and efficient network of transport is a prerequisite for trade.'' Examine the statement. -SST 10th

Last Answer : (i) The means of transportation help in the production and movement of goods and services. (ii) Transport like railways helps us in conducting various activities like business, sightseeing, ... for international trade. (v) Air transport provides the fastest, most comfortable mode of transport.

“Iron and steel industry is called a basic industry”. Examine the statement -Geography

Description : “Iron and steel industry is called a basic industry”. Examine the statement -Geography

Last Answer : (i) The iron and steel industry forms the base of all other industries, so it is called a basic industry. It provides raw material for other industries such as machine tools used for ... easily brought near ports. In mini steel plants/mills access to markets is more important than inputs.

What are the basic, functions of Public Accounts Committee (PAC)? (1) to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and projects. (2) to examine the accounts of stores and stocks. (3) to examine the statement of accounts of autonomous bodies (4) All the above

Description : What are the basic, functions of Public Accounts Committee (PAC)? (1) to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and ... stocks. (3) to examine the statement of accounts of autonomous bodies (4) All the above

Last Answer : (1) to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and projects. Explanation: The Public Accounts Committee scrutinises ... s decision and calls attention to cases of waste, extravagance, loss or nugatory expenditure.

Mark the incorrect statement: (A) The postmaster should occasionally examine the paid contents of some of the mail bags opened in order to detect error in sorting (B) The PM should occasionally be present when station mail bags are opened (C) The PM should frequently and unexpectedly examine the contents of each Postman’s bag to ascertain unnecessary detention (D) The PMr should occasionally examine the contents of Registered bags opened

Description : Mark the incorrect statement: (A) The postmaster should occasionally examine the paid contents of some of the mail bags opened in order to detect error in sorting (B) The PM ... to ascertain unnecessary detention (D) The PMr should occasionally examine the contents of Registered bags opened

Last Answer : (D) The PMr should occasionally examine the contents of Registered bags opened

What indicators could replace the GDP to measure how well a nation is doing?

Description : What indicators could replace the GDP to measure how well a nation is doing?

Last Answer : Quality of living, Low environmental impact, distribution of wealth, healthy people, whether or not strangers smile at you on the street.

What is the most well known auto body shop in the nation?

Description : What is the most well known auto body shop in the nation?

Last Answer : One of the most well known body shops in the nation is Pep Boys. They also have great deals occasionally to help you save money. Another one is Good Year. Both of them are one of the most well known ones in the nation. Other ones are just local businesses.

“Nationalism spreads when people begin to believe that they are all part of the same nation.” Justify the statement. -SST 10th

Description : “Nationalism spreads when people begin to believe that they are all part of the same nation.” Justify the statement. -SST 10th

Last Answer : (i) United struggle : The most important factor responsible for arousing the sense of nationalism among the Indians was the united struggle against the Britishers. (ii) Cultural processes : ... achievements in the past and struggle to change the miserable conditions of life under British rule.