What are demand deposits? -SST 10th

What are demand deposits? -SST 10th
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People with surplus money or extra amount deposit it in banks. The banks keep the money safe and give an interest on it. The deposits can be drawn at any time on demand by the depositors.That is why they are called 'demand deposits'. (i) The demand deposits encashable by issuing cheques have the essential features of money. (ii) They make it possible to directly settle payments without the use of cash. (iii) Since demand drafts/cheques are widely accepted as a means of payment along with currency, they constitute money in the modern economy
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What are demand deposits? What are their advantages? -SST 10th

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Last Answer : People save their money in banks by opening an account. The deposits in the bank accounts can be withdrawn on demand, so these deposits are called demand deposits. (i) Banks accept the ... refused in settling transaction in the country. No individual can legally refuse a payment made in rupees.

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Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

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Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

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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

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Description : What are ‘placer deposits’? -SST 10th

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“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.

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

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

Last 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 ... standards of living and towards the overall economic development of the country's economy in a positive direction.

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.

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 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.

What are placer deposits? -SST 10th

Description : What are placer deposits? -SST 10th

Last Answer : There are some minerals which occur as alluvial deposits in sands of valley floors and the base of hills. These deposits are called placer deposits.

Name any four minerals which obtained form placer deposits. -SST 10th

Description : Name any four minerals which obtained form placer deposits. -SST 10th

Last Answer : Gold, silver, tin and platinum.

How are bauxite deposits formed? -SST 10th

Description : How are bauxite deposits formed? -SST 10th

Last Answer : Bauxite deposits are formed by decomposition of a wide variety of rocks rich in aluminium silicates.

Name the regions where India’s bauxite deposits are mainly found. -SST 10th

Description : Name the regions where India’s bauxite deposits are mainly found. -SST 10th

Last Answer : The Amarkantak plateau, Maikal hills and the plateau region of Bilaspur-Katur.

Name the regions where India’s mica deposits are mainly found. -SST 10th

Description : Name the regions where India’s mica deposits are mainly found. -SST 10th

Last Answer : The northern edge of the Chhota Nagpur plateau.

How are deposits of bauxite formed and aluminium obtained? -SST 10th

Description : How are deposits of bauxite formed and aluminium obtained? -SST 10th

Last Answer : (i) Bauxite deposits are formed due to decomposition of wide variety of rocks rich in aluminium silicates. Ores containing aluminium are obtained from bauxite which is a clay-like substance ... Orissa. Panchpatmali deposits in Koraput district are the most important bauxite deposits in the state.

What are the two main qualities of iron ore deposits of India? -SST 10th

Description : What are the two main qualities of iron ore deposits of India? -SST 10th

Last Answer : Two qualities of iron ore: 1. Iron ore is the basic mineral and the backbone of industrial development. 2. It provides a strong base for the development of metallurgical industries. They are ... per cent). The major iron-ore producing states are Karnataka, Orissa, Chhattisgarh, Goa and Jharkhand.

What are ‘placer deposits’? -SST 10th

Description : What are ‘placer deposits’? -SST 10th

Last Answer : (i) Certain minerals may occur as alluvial deposits in sands of valley floors and base of hills. These deposits are called placer deposits'. (ii) They generally contain minerals which are not ... ) Gold, silver, tin and platinum are examples of some important minerals found in placer deposits'.

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.

“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.

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.

Where are oil deposits largely found in India? -SST 10th

Description : Where are oil deposits largely found in India? -SST 10th

Last Answer : In the off-shore sea near Mumbai.

The largest deposits of which are found in Balaghat in Madhya Pradesh. -SST 10th

Description : The largest deposits of which are found in Balaghat in Madhya Pradesh. -SST 10th

Last Answer : The largest deposits of Manganese are found in Balaghat in Madhya Pradesh.Manganese

Name one important area that has large coal deposits in the states of Jharkhand and West Bengal. -SST 10th

Description : Name one important area that has large coal deposits in the states of Jharkhand and West Bengal. -SST 10th

Last Answer : Coal Centre in Jharkhand – Jharia, West Bengal – Raniganj.