Advertisement

MAHARASHTRA

XII (12) HSC

XI (11) FYJC
X (10) SSC
9TH 5TH 6TH 7TH 8TH
BOARD SOLUTIONS: 2019 2020 New Time table
ESSAYS DIALOGUE EXPANSION SPEECH LETTERS GRAMMAR WRITING SKILLS INFORMATION-TRANSFER LEAFLET REPORT APPEAL INTERVIEW VIEW AND COUNTERVIEW DATA INPUT SHEET OTHER BOARDS LATEST NEWS  PRIVACY DISCLAIMER
TAMIL-NADU: 8TH 9TH 10TH 11TH 12TH

Answer the following questions: Define bank. Explain different types of banks.

Answer the following questions:
Define bank. Explain different types of banks.
ANSWER:
Banks are financial institutions that deal in money and credit. They accept deposits from the general public and extend loans for various purposes such as consumption and investment. They offer a rate of interest on the deposits (borrowing rate) and charge a rate of interest on the amount they lend (lending rate). The following are the different types of banks:

i. Commercial banks - These banks are governed by the Indian Banking Regulation Act of 1949. They provide credit to the general public. Commercial banks are of three types:
a. Public sector banks - These are the banks in which the majority of the stake is held by the Government of India or the Reserve Bank of India. State Bank of India and Bank of Baroda are examples of public sector banks.
b. Private sector banks - These are the banks in which the majority of the stake is held by private parties. Bank of Rajasthan and ING Vyasa Bank are the examples of public sector banks.
c. Foreign sector banks - These banks are registered in foreign countries. Their headquarters are also located in foreign countries. HSBC and American Express are examples of foreign sector banks.

ii. Co-operative banks - These banks are governed by the provisions of the State Co-operative Societies Act. They provide cheap credit to their members only.  They are of three types:
a. Primary credit banks - These are formed by the members of one locality such as a village or town. The borrowers and depositors all belong to the same society.
b. District central co-operative banks - These banks have their operations at the district level and they act as a link between primary credit societies and state co-operative societies.
c. State co-operative banks - These banks have their operations in a state. They mobilise savings from the depositors and channelise them to various sectors.

iii. Specialised banks - These banks provide credit to industrial units and export-import units. They are classified into three types:

• Export-Import Bank of India (EXIM Bank) - The bank provides funds for setting up an export or import business.Small Industries Development
• Bank of India (SIDBI) - It was set up to provide direct and indirect financial assistance under different schemes. It caters to the credit and finance requirements of small-scale enterprises.
• National Bank for Agricultural and Rural Development (NABARD) - It was established in 1982 with the main objective of promoting rural development and integrating efforts in this direction.
iv. Central bank - This is the apex financial institution that regulates and controls the activities of all banks and financial institutions in the country. The Reserve Bank of India (RBI) is the central bank of India.
v. Development banks - These banks provide financial assistance to business houses so that they can finance their capital requirements, expansion and modernisation. State Financial Corporation’s (SFCs) and Industrial Financial Corporation of India (IFCI) are examples of development banks.
vi. Regional rural banks - These banks were established in 1975 to extend banking facilities to the rural areas. The main objective of these banks is to provide credit to small traders, farmers, etc.
vii. Exchange banks - These banks remit money from one country to another, discount foreign bills, finance export and import of goods, etc. Bank of Tokyo and Bank of America are examples of exchange banks.
viii. Indigenous bankers - These are domestic bankers that carry out banking activities in the country. These banks mainly deal in "Hundis" and promissory notes. Also, the rate of interest charged by the banks is very high.
ix. Savings bank - These banks accept small deposits from the public having a fixed income. The main objective of these banks is to encourage the habit of saving in people.

PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each (GST extra)

SUBJECTS

HINDI ENTIRE PAPER SOLUTION

MARATHI PAPER SOLUTION
SSC MATHS I PAPER SOLUTION
SSC MATHS II PAPER SOLUTION
SSC SCIENCE I PAPER SOLUTION
SSC SCIENCE II PAPER SOLUTION
SSC ENGLISH PAPER SOLUTION
SSC & HSC ENGLISH WRITING SKILL
HSC ACCOUNTS NOTES
HSC OCM NOTES
HSC ECONOMICS NOTES
HSC SECRETARIAL PRACTICE NOTES

2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019

HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019

XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS, 2nd March, 2019

HSC Maharashtra Board Papers 2020

(Std 12th English Medium)

HSC ECONOMICS MARCH 2020

HSC OCM MARCH 2020

HSC ACCOUNTS MARCH 2020

HSC S.P. MARCH 2020

HSC ENGLISH MARCH 2020

HSC HINDI MARCH 2020

HSC MARATHI MARCH 2020

HSC MATHS MARCH 2020


SSC Maharashtra Board Papers 2020

(Std 10th English Medium)

English MARCH 2020

HindI MARCH 2020

Hindi (Composite) MARCH 2020

Marathi MARCH 2020

Mathematics (Paper 1) MARCH 2020

Mathematics (Paper 2) MARCH 2020

Sanskrit MARCH 2020

Sanskrit (Composite) MARCH 2020

Science (Paper 1) MARCH 2020

Science (Paper 2)

Geography Model Set 1 2020-2021


MUST REMEMBER THINGS on the day of Exam

Are you prepared? for English Grammar in Board Exam.

Paper Presentation In Board Exam

How to Score Good Marks in SSC Board Exams

Tips To Score More Than 90% Marks In 12th Board Exam

How to write English exams?

How to prepare for board exam when less time is left

How to memorise what you learn for board exam

No. 1 Simple Hack, you can try out, in preparing for Board Exam

How to Study for CBSE Class 10 Board Exams Subject Wise Tips?

JEE Main 2020 Registration Process – Exam Pattern & Important Dates


NEET UG 2020 Registration Process Exam Pattern & Important Dates

How can One Prepare for two Competitive Exams at the same time?

8 Proven Tips to Handle Anxiety before Exams!

BUY FROM PLAY STORE

DOWNLOAD OUR APP

HOW TO PURCHASE OUR NOTES?

S.P. Important Questions For Board Exam 2022

O.C.M. Important Questions for Board Exam. 2022

Economics Important Questions for Board Exam 2022

Chemistry Important Question Bank for board exam 2022

Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination

Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2022 Examination

Important-formula


THANKS