Laxmi

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 17 Social Responsibility of Business and Business Ethics Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 17 Social Responsibility of Business and Business Ethics

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 17 Social Responsibility of Business and Business Ethics. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 17 Social Responsibility of Business and Business Ethics Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Social Responsibility of Business and Business Ethics Textbook Exercise Questions and Answers

I. Choose the Correct Answer

Question 1.
Which type of Responsibility gives the benefit to the Society out of its profits earned?
(a) legal
(b) Ethical
(c) Moral
(d) Economic
Answer:
(c) Moral

Question 2.
The Stakeholders of Socially Responsible business units are except ……………..
(a) Share holders
(b) Employees
(c) Government
(d) Company
Answer:
(d) Company

Question 3.
Assuming Social Responsibility of business helps the enterprise in
(a) Increase profit
(b) Decrease profit
(c) Sustainability
(d) Equilibrium
Answer:
(c) Sustainability

Question 4.
Socially Responsible business provides goods at ……………..
(a) High price
(b) Low price
(c) Reasonable price
(d) Moderate price
Answer:
(c) Reasonable price

Question 5.
Social Responsibility towards employees represents the following except ……………..
(a) Reasonable remuneration
(b) Proper facilities
(c) Social security
(d) Exploitation
Answer:
(d) Exploitation

II. Very Short Answer Questions

Question 1.
What do you mean by Social Responsibility?
Answer:
The term social responsibility is defined in various ways. Every businessman earns prosperity from business and should give back the benefit of this prosperity to society.

Question 2.
Give the meaning of Social Power.
Answer:
Businessmen have considerable social power. Their decisions and actions affect the lives and fortunes of the society. Businessmen should’assume social obligations commensurate with their social power.

Question 3.
What is a free enterprise?
Answer:
A business enterprise which accepts and discharges social obligations enjoys greater freedom. Thus, social responsibilities are essential for avoiding governmental action against business. Such action will reduce the freedom of decision making in business.

Question 4.
Who are called Stakeholders?
Answer:
A business organisation is a coalition of several interest groups are called stakeholders. Example – shareholders, customers, employees, suppliers, etc. Business should, therefore, work for the interest of all of them rather than for the benefit of shareholders /owners alone.

Question 5.
What is ethical Responsibility?
Answer:
Ethical Responsibility includes the behaviour of the firm that is expected by society but not codified in law. For example, respecting the religious sentiments and dignity of people while advertising for a product. There is an element of voluntary action in performing this responsibility.

III. Short Answer Questions

Question 1.
Define the Concept of Social Responsibility?
Answer:
“Social Responsibility requires managers to consider whether their action is likely to promote the public good, to advance the basic beliefs of our society, to contribute to its stability, strength and harmony” – Peter F. Drucker.

Question 2.
Why you do think Social Responsibility of business is needed?
Answer:
1. Self – Interest : A business unit can sustain in the market for a longer period only by assuming some social obligations. Normally businessmen recognise that they can succeed better by fulfilling the demands and aspirations of society.

2. Creation of Society : Business is a creation of society and uses the resources of society. Therefore, it should fulfil its obligations to society.

Question 3.
What are the benefits derived by employees of a Socially Responsible business enterprise?
Answer:

1. Timely and regular payment of wages and salaries.
2. Proper working conditions and welfare amenities.
3. Opportunity for better career prospects.
4. Job security as well as social security like facilities of provident fund, group insurance, pension, retirement benefits, etc.

Question 4.
Enumerate the points relating to why business units are Socially Responsible?
Answer:

1. Protection of Stakeholders Interest
2. Promotion of Society
3. Assessment of Social Impact

Question 5.
List the kinds of Social Responsibility.
Answer:

1. Economic responsibility
2. Legal responsibility
3. Ethical responsibility
4. Discretionary responsibility

IV. Long Answer Questions

Question 1.
Explain in detail the concept and need for Social Responsibility?
Answer:
The term social responsibility is defined in various ways. Every businessman earns prosperity from business and should give back the benefit of this prosperity to society. This is voluntary. This benefit is the moral responsibility of business. As this benefit is supposed to be passed on to society, it can be said to be social responsibility of business.

Need:
1. Self – Interest : A business unit can sustain in the market for a longer period only by assuming some social obligations. Normally businessmen recognise that they can succeed better by fulfilling the demands and aspirations of society.

2. Creation of Society : Business is a creation of society. Therefore, it should fulfil its obligations to society.

3. Social Power : Businessmen have considerable social power. Their decisions and actions affect the lives and fortunes of the society.

4. Image in the Society : A business can improve its image in public by assuming social obligations, good relations with workers, consumers and suppliers help in the success of business.

Question 2.
Answer:
Illustrate with examples the arguments for Social Responsibility?
Answer:
1. Protection of Stakeholders Interest : A business organisation is a coalition of several interest groups or stakeholders. Example – shareholders, customers, employees, suppliers, etc.

2. Promotion of Society : Business is a sub – system of society. It draws support and sustenance from society in the form of inputs. Socially responsible behaviour is essential to sustain this relationship between business and society.

3. Assessment of Social Impact : During the course of its functioning, a business enterprise makes several decisions and actions. Its activities exercise a strong influence on the interests and values of society.

4. Organised Social Power : Large corporations have acquired tremendous social power through their multifarious operations. Social power may be misused in the absence of social, responsibility.

5. Legitimacy : It is in the enlightened self-interest of business to assume social responsibility.

6. Competence : Business organisations and their managers have proved their competence and leadership in solving economic problems.

7. Professional Conduct : Professional managers are required to display a keen social sensitivity and serve the society as a whole.

8. Public Opinion : Adoption of social responsibility as an objective will help to improve the public opinion of business.

Question 3.
Discuss the different groups benefited out of Social Responsibility of business?
Answer:

1. Lack of Conceptual Clarity : The concept of Social responsibility is very vague and amenable to different interpretations.

2. Dilution of Economic Goals : By accepting social responsibility, business will compromise with economic goals.

3. Lack of Social Skill : Business organisations and their managers are not familiar with social affairs.

4. Burden on Consumers : If business deals with social problems, cost of doing business would increase.

5. Responsibility without Power : Business organisations possess only economic power and not social power. It is unjust to impose social responsibilities with social power.

6. Misuse of Responsibilities : Acceptance of social responsibilities will involve diversion of precious managerial time and talent on social action programmes.

7. Lack of Yard – stick : Profitability is the common criteria for decision – making in business.

8. Improper Role : The proper role of business is to use its resources and energies efficiently so as to earn the best possible return on investment within the confines of law and ethics.

9. Over Loading Responsibility : Business organisations are already serving society by providing goods and services, generating employment, developing technology and contributing to public exchequer through tax payments.

Question 4.
How do you classify Social Responsibility?
Answer:
1. Economic responsibility:
A business enterprise is basically an economic entity and, therefore, its primary social responsibility is economic i.e., produce goods and services that society wants and sell them at a profit.

2. Legal responsibility:
Every business has a responsibility to operate within the laws of the land. Since these laws are meant for the good of the society, a law abiding enterprise is a socially responsible enterprise as well.

3. Ethical responsibility:
This includes the behavior of the firm that is expected by society but not codified in law. For example, respecting the religious sentiments and dignity of people while advertising for a product. There is an element of voluntary action in performing this responsibility.

4. Discretionary responsibility:
This refers to purely voluntary obligation that an enterprise assumes, for instance, providing charitable contributions to educational institutions or helping the affected people during floods or earthquakes.

It is the responsibility of the company management to safeguard the capital investment by avoiding speculative activity and undertaking only healthy business ventures which give good returns on investment.

Samacheer Kalvi 11th Commerce Social Responsibility of Business and Business Ethics Additional Questions and Answers

I. Choose the Correct Answer:

Question 1.
Management of business enterprises is being
(a) Professionalism
(b) Law and order
(c) Free enterprise
(d) Public awareness
Answer:
(a) Professionalism

Question 2.
How many kinds of Social Relationship of business?
(a) Two
(b) Three
(c) Four
(d) Five
Answer:
(c) Four

II. Very Short Answer Questions

Question 1.
What is Legal responsibility?
Answer:
Every business has a responsibility to operate within the laws of the land. Since these laws are meant for the good of the society, a law abiding enterprise is a socially responsible enterprise as well.

Question 2.
What is Public awareness?
Answer:
Now – a – days consumers and workers are well informed about their rights. Consumers expect better quality products at reasonable prices. Similarly, workers desire fair wages and other benefits.

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 17 Social Responsibility of Business and Business Ethics Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 16 Emerging Service Business in India Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 16 Emerging Service Business in India

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 16 Emerging Service Business in India. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 16 Emerging Service Business in India Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Emerging Service Business in India Textbook Exercise Questions and Answers

I. Choose the Correct Answer

Question 1.
A continuing relationship which provides a licence privileges do business and provides training, merchandising for a consideration is called …………….
(a) Franchising
(b) Factoring
(c) supply chain management
(d) Exchange
Answer:
(a) Franchising

Question 2.
A condition were a factors agrees to provide complete set of services like financing, debt collection, consultancy is called …………….
(a) Maturity factoring
(b) National factoring
(c) Full service factoring
(d) Recourse factoring
Answer:
(c) Full service factoring

Question 3.
Buying and selling ofgoods through electronic network is known as …………….
(a) E – commerce
(b) Internet
(c) Website
(d) Trade
Answer:
(a) E – commerce

Question 4.
An organization carrying out activities to move goods from producer to consumer is …………….
(a) Transport
(b) Logistics
(c) Channels
(d) Marketing
Answer:
(a) Transport

Question 5.
The role of government in logistics management is through …………….
(a) Legislations
(b) Governance
(c) Transport
(d) Distribution
Answer:
(d) Distribution

Question 6.
The main benefit of Logistics is …………….
(a) productivity
(b) Cost minimisation
(c) Profitability
(d) Storage
Answer:
(b) Cost minimisation

Question 7.
What aims for an effective management response over the longer run …………….
(a) Logistics
(b) Supply Chain Management
(c) Demand
(d) Supply
Answer:
(a) Logistics

Question 8.
The model that identifies alternatives, criteria for decision making and analyse alternatives to arrive at the best choice is …………….
(a) Routing model
(b) Scheduling model
(c) Inventory model
(d) Alternative Analysis
Answer:
(b) Scheduling model

Question 9.
A company under outsourcing transfers activities which are …………….
(a) Core
(b) Non – Core
(c) Business
(d) Non – Business
Answer:
(b) Non – Core

Question 10.
Business units can reduce expenditure by outsourcing front office work like ……………..
(a) Paper work
(b) file work
(c) Billing
(d) manufacture
Answer:
(b) file work

Question 11.
The main benefit of outsourcing is …………….
(a) Productivity
(b) Cost reduction
(c) Skill
(d) Units
Answer:
(b) Cost reduction

Question 12.
Outsourcing job is given to developing countries specifically for …………….
(a) Cheap labour
(b) Land
(c) Capital
(d) Factors
Answer:
(a) Cheap labour

Question 13.
Outsourcing is carried out for the benefit of …………….
(a) Global village
(b) Transport
(c) Factory
(d) Time and money
Answer:
(d) Time and money

II. Very Short Answer Questions

Question 1.
Who is a franchisee?
Answer:
The individual who acquires the right to operate the business or use the trademark of the seller is known as tire franchisee.

Question 2.
State two disadvantages of franchising?
Answer:
Franchising fees: The initial franchising fee and the subsequent renewal fee can be very high in case of successful businesses. From the franchisee’s point of view, this may be a deterrent. Fixed royalty payment: The franchisee has to make payment of royalty to the franchiser on a regular basis. This considerably reduces the income of the franchisee.

Question 3.
Who is a factor?
Answer:
The factor is an agent who buys the accounts receivables (Debtors and Bills Receivables) of a firm and provides finance to a firm to meet its working capital requirements.

Question 4.
Define outsourcing.
Answer:
BPO refers to outsourcing the work.which is routine in nature, to an outside agency.

Question 5.
What is need for outsourcing?
Answer:

1. To focus on key function
2. Benefit of specialization / efficiency
3. Cost cutting
4. Economic growth and development
5. Increasing profit
6. Catering to the dynamic demand

Question 6.
State the importance of BPO.
Answer:
BPO means getting contractual services of external companies or group of companies to complete special work or process of a company. For example call centres, data entry etc. This reduces the expenditure by using cheap labour available in developing countries like India, China etc.

Question 7.
What are the benefits of KPO?
Answer:
In short, KPO firms get knowledge related, information related, work done from outside firm and it involves high value work carried highly skilled staff.

Question 8.
Define Logistics.
Answer:
Logistics can be viewed as a logical extension of transportation and related areas to achieve an efficient and effective goods distribution system.

Question 9.
What is the need for Logistics?
Answer:
Logistics Management is defined as ‘Design and operation of the physical, managerial, and informational systems needed to allow goods to overcome time and space (from the producer to the consumer)’.

Question 10.
Write about the importance of Logistics.
Answer:
Organisations taking proactive managerial attention in coordinating the actors in logistics leads to reduced logistics costs and improved customer service.

Question 11.
What are the types of Logistics Applications?
Answer:

1. Decision – wise
2. Actor – wise
3. Inbound logistics
4. Outbound logistics.

Question 12.
What do you mean by E – commerce?
Answer:
E – commerce or Electronic commerce is the buying and selling of goods and services through electronic networks like internet.

III. Short Answer Questions

Question 1.
What are the types of franchising?
Answer:

1. Product /trade name franchising : In this type, the franchisee exclusively deals with a manufacture’s product, example Kidzee, French Loaf outlets.
2. Business format franchising : When a franchisor awards rights covering all business aspects as a complete business package to the franchisee it is called as business format franchising, example McDonald’s, Pizza Hut.

Question 2.
List the steps in factoring process.
Answer:

1. The firm enters into a factoring arrangement with a factor, which is generally a financial institution, for invoice purchasing.
2. Whenever goods are sold on credit basis, an invoice is raised and a copy of the same is sent to the factor.
3. The debt amount due to the firm is transferred to the factor through assignment and the same is intimated to the customer.

Question 3.
Describe the benefits of Logistics.
Answer:
Generally a good transportation, storage, handling and information infrastructure helps in efficient logistics management. All firms are viewed as a collection of primary and secondary activities,

Question 4.
Explain the points of differences between Logistics and Supply Chain Management.
Answer:
Logistics:
Logistics Management deals with the efficient management of a static gap between demand and supply.

Supply Chain Management:
Supply Chain Management tries to identify the dynamic nature of the value creation itself such as responsiveness, quality and design. Hence, it aims for an effective management response over the longer run.

Question 5.
What is the impact of e-commerce on buyers?
Answer:

1. Buyers could have a global access to information about variety of products and services available in the market.
2. They could buy the products/services round the clock from anywhere in world.
3. The prices of products bought through e – commerce tend to be relatively lower than those purchased physically in the conventional shops due to offers, discount etc.

IV. Long Answer Questions

Question 1.
Enumerate the characteristics of franchising.
Answer:

1. Franchise relationship is based on an agreement which lays down terms and conditions of this relationship.
2. The term of franchise may be for 5 years or more. The franchise agreement may be renewed with the mutual consent of the parties.
3. The franchisee gives an undertaking not to carry any other competing business during the term of the franchise; and the franchiser gives an undertaking not to terminate the franchise agreement before its expiry except under situations which may justify the termination of the franchise agreement.
4. The franchisee agrees to pay specified royalty to the franchiser, as per terms of the franchise agreement.
5. Franchise means selling the same product and maintaining a similar type of shop decor (i.e. style of interior decoration) for which franchiser provides assistance to franchisee in organising, merchandising and management.

Question 2.
Elucidate the features of factoring.
Answer:

1. Maintenance of book – debts : A factor takes the responsibility of maintaining the accounts of debtors of a business institution.
2. Credit coverage : The factor accepts the risk burden of loss of bad debts leaving the seller to concentrate on his core business
3. Cash advances : Around eighty percent of the total amount of accounts receivables is paid, as advance cash to the client.
4. Collection service : Issuing reminders, receiving part payments, collection of cheques from part of the factoring service.
5. Advice to clients : From the past history of debtors, the factor is able to provide advises regarding the credit worthiness of customers, perception of customers about the products of the client, etc.

Question 3.
Describe the benefits of Outsourcing.
Answer:
1. Focusing on Core Activities : Companies can focus on their core competence, a few areas , where the company has distinct capability. The rest of the activities (non – core) can be outsource to outside agencies.

2. To Fillip Economic Development : Outsourcing stimulates entrepreneurship, encourages employment opportunities, expands exports, enables tremendous growth of the economy.

3. Encourages Employment Opportunities : Companies that are outsourcing their non core activities provide chances for other small business units to take up the activities. This paves way for more job opportunities and new employment avenues.

4. Reduction in Investment : Companies through outsourcing avails the services of outsiders which in turn reduces the investment requirements. The amount so available can be utilized productively and this increases the profits.

5. Quest for Excellence : Outsourcing enables the firms to pursue excellence in two ways namely excelling themselves in the activities they do and excel outsiders by extending their capabilities through contracting out.

Question 4.
Explain the points of differences between BPO and KPO.
Answer:
BPQ:

• BPO means getting contractual services of external companies or group of companies to complete special work or process of a company.
• For example call centres, data entry etc. This reduces the expenditure by using cheap labour available in developing countries like India, China, etc.
• To focus on key function.
• Benefit of specialization / efficiency.
• Cost cutting.

KPO:

• KPO refer to outsourcing of Knowledge based Process! It means obtaining high end knowledge work from outside the organization in order to run the business successfully and in cost effective manner.
• In short KPO firms get knowledge related, information related, work done from outside firm and it involves high value work carried highly skilled staff.
• Usage of best skills.
• Ultimate use of knowledge.
• Finding solution to complex problem.

Question 5.
Write a note on e – commerce models.
Answer:
1. Business to customers (B2C):
This is fastest growing segment in e – commerce spare. Under this model, business concern sells directly to consumers.

2. Business to Business (B2B):
Under the model, business concerns transact with one another through internet. For instance, Snapdeal, Flipkart, Alibaba, Indiamart, Tradelndia.com etc.

3. Consumer to consumer (C2C):
Under this model, customers sell directly to other customers through online classified advertisement or through auction or through mobile or through market places. Example, Indian ventures in C2C are Kraftly App (buying and selling anythings) which deals in handmade products of a wide range. Onceagainstore.com is a website that buys pre-owned women’s fashion products. Other players are Quikr, OLX, ebay, etc.

4. Customer to Business (C2B):
This model is reverse to auction model. Products like automobile, electronic items furniture and similar product are traded by customer through websites. Naukri.com and Monster.com are examples of Indian Companies operating in this domain.

5. Business to. Government (B2G):
This model envisages selling products and services by business consumer to Government organization. For instance TCS operates the passport application process for the Government of India as part off – line process.

Samacheer Kalvi 12th Commerce Emerging Service Business in India Additional Questions and Answers

I. Choose the Correct Answer:

Question 1.
There are …………….. parties to a franchising agreement.
(a) two
(b) Three
(c) Four
(d) Five
Answer:
(a) two

Question 2.
There are …………….. types of franchising primarily.
(a) One
(b) Two
(c) Three
(d) Four
Answer:
(b) Two

Question 3.
Factoring means ……………..
(a) to make or do
(b) to work
(c) for credit
(d) for debit
Answer:
(a) to make or do

Question 4.
…………….. focuses on profit maximization rather than cost minimizing.
(a) SMC
(b) LM
(c) Transportation
(d) GST
Answer:
(a) SMC

Question 5.
Recently a new type of business in service sector is called ……………..
(a) BPO
(b) core
(c) non – core
(d) gardening
Answer:
(a) BPO

Question 6.
Business to Business (B2B) ……………..
(a) Snapdeal
(b) Monster.com
(c) TCS
(d) ebay
Answer:
(a) Snapdeal

Question 7.
Customer to Business (C2B) ……………..
(a) Flipkart
(b) Indiamart
(c) Olx
(d) Naukri.com
Answer:
(d) Naukri.com

II. Very Short Answer Questions

Question 1.
What is E-Business?
Answer:
E – Business is a broader term which includes internal and external transaction of an organization across the internet.

Question 2.
What do you mean by Business to Customers (B2C)?
Answer:
This is faster growing segment in e – commerce spare. Under this model, business concern sells directly to customers.

Question 3.
Mention any two advantages of franchising.
Answer:

1. Reduces risk
2. Business expansion.

III. Short Answer Questions

Question 1.
What is the impact of e – commerce on vendors?
Answer:

1. Vendors could have a wider access to customers across the globe.
2. This helps minimize the cost of operating business due to direct distribution of goods to end consumers thanks to minimum invention of intermediaries.
3. Vendor could interact with multiple buyers and sellers.

For Future Learning

Question a.
You are a small scale manufacturer of ignition coils for automobiles, located near Ranipet. Explain how will you avail of financial credits through factoring if you get orders from
a. Ford India, Chennai
b. Maruti Suzuki, Gurgaon
c. Kun Hyundai, Seoul

Answer:
a. I can show the sources of business to get credit.

b.

• To identify the activities involved in the movement of goods – Trade
• To analyse the benefits of Logistics – Transport
• To evaluate the areas which need more focus relating to Logistics – Kinds of transport
• To understand critically and analyse the impact of Logistics on Profitability – To reduce cost and improve customer service.

c.

• To identify the core activities of any business – Companies can focus on their core competence.
• To analyse the benefits of Outsourcing non – core items – Outsource to outside agents.
• To evaluate the areas which needs KPO – KPO firm get knowledge related, information related work done from outside firm.
• To understand critically and analyse the impact of call centers

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 16 Emerging Service Business in India Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 15 Insurance Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 15 Insurance

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 15 Insurance. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 15 Insurance Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Insurance Textbook Exercise Questions and Answers

I. Choose the Correct Answer

Question 1.
The basic principle of insurance is …………….
(a) Insurable Interest
(b) Co – operation
(c) Subrogation
(d) Proximate cause
Answer:
(a) Insurable Interest

Question 2.
……………. is not a type of general insurance.
(a) Marine Insurance
(b) Life Insurance
(c) Fidelity Insurance
(d) Fire Insurance
Answer:
(b) Life Insurance

Question 3.
Which of the following is not a function of insurance?
(a) Lending Funds
(b) Risk sharing
(c) Assist in capital formation
(d) Protection of life
Answer:
(d) Protection of life

Question 4.
Which of the following in not applicable in insurance contract?
(a) Unilateral contract
(b) Conditional contract
(c) Indemnity contract
(d) Inter – personal contract
Answer:
(c) Indemnity contract

Question 5.
Which one of the following is a type of marine insurance?
(a) Money back
(b) Mediclaim
(c) Hull insurance
(d) Cargo insurance
Answer:
(d) Cargo insurance

II. Very Short Answer Questions

Question 1.
List any five important type of policies.
Answer:

1. Life Insurance
2. General Insurance
3. Fire Insurance
4. Marine Insurance
5. Health Insurance

Question 2.
What is health insurance?
Answer:
In mid 80’s, most of the hospitals in India were government owned and treatment was free of cost. With the advent of Private Medical Care, the need for Health Insurance was felt and various Insurance Companies introduced Health Insurance as a Product. Presently the health insurance exists primarily in the form of ‘Mediclaim policy’.

III. Short Answer Questions

Question 1.
Define Insurance.
Answer:
“Insurance is a plan by themselves which large number of people associate and transfer to the shoulders of all, risk that attacks to individuals” – According to John Merge.

Question 2.
Give the meaning of crop insurance.
This policy is to provide financial support to farmers in case of a crop failure due to drought or flood. It generally covers all risks of loss or damages relating to production of rice, wheat, millets, oil seeds and pulses etc.

Question 3.
Write a note on IRDAI.
IRDAI – Insurance Regulatory Development and Authority is the statutory, independent and apex body that govern and supervise the Insurance Industry in India. It was constituted in 2000 by Parliament of India Act called IRDAI Act, 1999. Presently IRDAI headquarters is in Hyderabad.

IV. Long Answer Questions

Question 1.
Explain the various types of Insurance.
Answer:
Insurance covers various types of risks. All. contract of insurance can be broadly classified as follows:

1. Life Insurance (or) Life Assurance
2. Non – life Insurance (or) General Insurance

It can be further classified into:

1. Fire Insurance
2. Marine Insurance
3. Health Insurance and
4. Miscellaneous Insurance.

1. Life Insurance:
Life Insurance may be defined as a contract in which the insurance company called insurer undertakes to insure the life of a person called assured in exchange of a sum of money called premium which may be paid in one lump sum or monthly, quarterly, half yearly or yearly and * promises to pay a certain sum of money either on the death of the assured or on expiry of certain period.

2. Non – Life Insurance or General insurance:
It refers as the insurance not related to human but related to properties.

3. Fire Insurance:
Fire insurance is a contract whereby the insurer, in consideration of the premium paid, undertakes to make good any loss or damage caused by a fire during a specified period upto the amount specified in the policy.

4. Marine Insurance:
Marine insurance is a contract of insurance under which the insurer undertakes to indemnify the insured in the manner and to the extent thereby agreed against marine losses. The insured . pays the premium in consideration of the insurer’s (underwriter’s) guarantee to make good the losses arising from marine perils or perils of the sea.

5. Health Insurance:
In mid 80’s, most of the hospitals in India were government owned and treatment was free of cost. With the advent of Private Medical Care, the need for Health Insurance was felt and various Insurance Companies introduced Health Insurance as a Product. Presently the health insurance exists primarily in the form of ‘Mediclaim policy’.

Question 2.
Explain the principles of insurance.
Answer:
1. Utmost Good Faith:
According to this principle, both insurer and insured should enter into contract in good faith. Insured should provide all the information that impacts the subject matter. Insurer should provide all the details regarding insurance contract.

2. Insurable Interest:
The insured must have an insurable interest in the subject matter of insurance. Insurable interest means some pecuniary interest in the subject matter of the insurance contract.

3. Indemnity:
Indemnity means security or compensation against loss or damages. In insurance, the insured would be compensated with the amount equivalent to the actual loss and not the amount exceeding the loss. This principle ensures that the insured does not make any profit out of the insurance. This principle of indemnity is applicable to property insurance alone.

4. Causa Proxima:
The word ‘Causa proxima’ means ‘nearest cause’. According to this principle, when the loss is the result of two or more cause, the proximate cause, i.e. the direct. The direct, the most dominant and most effective cause of loss should be taken into consideration. The insurance company is not liable for the remote cause.

5. Contribution:
The same subject matter may be insured with more than one insurer then it is known as ‘Double Insurance’. In such a case, the insurance claim to be paid to the insured must be shared on contributed by all insurers in proportion to the sum assured by each one of them.

6. Subrogation:
Subrogation means ‘stepping the shoes on others’. According to this principle, once the claim of the insured has been settled, the ownership right of the subject matter of insurance passes on to the insurer.

7. Mitigation:
In case of a mishap, the insured must take off all possible steps to reduce or mitigate the loss or damage to the subject matter of insurance.

Question 3.
Discuss the causes of risk.
Answer:
Business risk arises due to a variety of causes which are classified as follows:
1. Natural Causes:
Human beings have little control over natural calamities like flood, earthquake, lightning, heavy rains, famine, etc. These result in heavy loss of life, property, and income in business.

2. Human Causes:
Human causes include such unexpected events like dishonesty, carelessness or negligence of employees, stoppage of work due to power failure, strikes, riots, management inefficiency, etc.

3. Economic Causes:
These include uncertainties relating to demand for goods, competition, price, collection of dues from customers, change of technology or method of production, etc. Financial problems like rise in interest rate for borrowing, levy of higher taxes, etc., also come under this type of causes as they result in higher unexpected cost of operation of business.

4. Other Causes:
These are unforeseen events like political disturbances, mechanical failures such as the bursting of boiler, fluctuations in exchange rates, etc. which lead to the possibility of business risks.

Samacheer Kalvi 12th Commerce Insurance Additional Questions and Answers

I. Choose the Correct Answer:

Question 1.
Presently IRDAI head quarters is in ……………..
(a) Hyderabad
(b) Chennai
(c) Mumbai
(d) Delhi
Answer:
(a) Hyderabad

Question 2.
‘Stepping the shoes on others’ means ……………..
(a) Subrogation
(b) Contribution
(c) Nearest cause
(d) Indemnity
Answer:
(b) Contribution

II. Very Short Answer Questions

Question 1.
What do you mean by Cargo Insurance?
Answer:
When a marine insurance policy is taken by the cargo owner to be compensated for loss caused to his cargo during the journey, it is known as cargo insurance.

Question 2.
What is Hull or ship insurance?
Answer:
When a ship is insured against any type of danger, it is known as hull insurance. This policy is taken to indemnify the insured for losses caused by damage to ship.

III. Short Answer Questions

Question 1.
What are the objectives of IRDAI?
Answer:

1. To promote the interest and rights of policy holders.
2. To promote and ensure the growth of Insurance Industry.
3. To ensure speedy settlement of genuine claims and to prevent frauds and malpractices.

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 15 Insurance Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 14 Transportation Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 14 Transportation

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 14 Transportation. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 14 Transportation Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Transportation Textbook Exercise Questions and Answers

I. Choose the Correct Answer

Question 1.
Transport removes the hindrance of ………………
(a) Time
(b) Place
(c) Person
(d) knowledge
Answer:
(b) Place

Question 2.
Air consignment note is prepared in ……………… forms.
(a) One
(b) Two
(c) Three
(d) Four
Answer:
(c) Three

Question 3.
……………… is a document acknowledging the receipt of goods by a carrier.
(a) Waybill
(b) Consignment note
(c) Charter
(d) Bill of lading
Answer:
(d) Bill of lading

Question 4.
Which is the fastest means of transport?
(a) Rail
(b) Road
(c) Sea
(d) Air
Answer:
(d) Air

II. Very Short Answer Questions

Question 1.
Define transport.
Answer:
According to KK Saxena, “the transport system acts with reference to the area it serves in the same way as a candle does in a dark room”.

Question 2.
State any two services rendered by transport.
Answer:

1. It increases the efficiency of production.
2. It stimulates wants by increasing quantity and variety of consumer goods.

Question 3.
Write any two advantages of water transport.
Answer:

1. It is considered as the cheapest mode of transport among the other modes of transport.
2. It is most suitable for heavy loads.

III. Short Answer Questions

Question 1.
What is bill of lading?
Bill of Lading is a document containing the terms and conditions of the contract of carriage. It is issued by the shipping company and signed by the captain of the ship. It acknowledges the receipt of the goods described in it on board the ship. It also serves as n official receipt of goods. It is a document of title of goods.

Question 2.
What is charter party?
Answer:
When goods are to be consigned in large quantity, it is advantageous to hire the whole or substantial part of the ship. The document through which this contract is made is known as ‘Charter Party’ may also be known as ‘Voyage Charter’ or ‘Time Charter’. The person who hires the ship is known as ‘Charter’. The charter becomes responsible to the third parties for the acts of the master and crew of the ship.

IV. Long Answer Questions

Question 1.
Explain different types of transport.
Answer:
Types of transport:
(a) Land Transport
(b) Water transport
(c) Air Transport

(a) Land Transport:
Transport of people and goods by land vehicles is known as Land transport. It is also called as ‘Surface Transport’.

1. Pack Animals : Animals like horse, mule, donkey, camel, elephant etc., are used for carrying small loads in backward areas, hilly traces, forest regions and deserts known as pack animals.

2. Bullock Carts : It constitutes the predominant form of rural road transport in India for goods traffic and to some extent for passengers’ traffic.

3. Road Transport : Road Transport is one of the most promising and potent means suitable for short and medium distances.

4. Motor lorries and Buses : From the dawn of civilization, people have been endeavoring to form roads and use wheeled vehicles to facilitate transport of men and materials.

5. Tramways : It made their appearance in the 19th century as a form of transport suitable for big cities. Tramways were initially horse drawn later steam – power and now electrically operated.

6. Railway Transport : The invention of steam engine by James Watt, revolutionized the mode of transport all over the world.

7. Recent Trends in Transport : Metro Rail, Monorail, Bullet train, Pipeline Transport, Conveyor Transport, Ropeway transport and Hyper loop transport.

(b) Water Transport:
“Water is a free gift of nature’. Human civilization through gradual application of science and technology, have utilized water resources for economic, political and military activities.

1. Inland Waterways : Inland Waterways comprise of rivers, canals and lakes. It is also known as internal water transport.

2. Ocean or Sea Transport : Ocean transport has been playing a significant role in development of economic, social and cultural relations among countries of the world.

(a) Coastal shipping
(b) Overseas shipping
(i) Liner (ii) Tramps

(c) Air Transport:
Air transport is the fastest and the costliest mode of transport. Commercial air transport is now one of the most prominent modes of overseas transport. Domestic and International flights are the air travels.

Question 2.
Discuss the advantages of transport.
Answer:
(a) Advantages of railway transport:

1. Railways are well suited for carrying heavy and bulky goods over long distances.
2. It can provide long distance travel throughout the day and night with unbroken services.

(b) Advantages of inland waterways:

1. It is considered as the cheapest mode of transport among the other modes of transport.
2. It is most suitable for heavy loads.

(c) Advantages of air transport:

1. It provides a regular, convenient, efficient and quick service.
2. Perishable goods like fruits, vegetables, egg, meat, etc., can be transported quickly.

Samacheer Kalvi 12th Commerce Transportation Additional Questions and Answers

I. Choose the Correct Answer:

Question 1.
Which one is not land transport?
(a) Pack animals
(b) Bullock cart
(c) Tramways
(d) Liner
Answer:
(d) Liner

Question 2.
Which one is not relevant?
Answer:
(a) Charter party
(b) Voyage charter
(c) Time charter
(d) Rail
Answer:
(d) Rail

Question 3.
Who is the inventor of steam engine?
(a) James Watt
(b) Haney
(c) Wheeler
(d) Thomas
Answer:
(a) James Watt

II. Very Short Answer Questions

Question 1.
Write any two disadvantages of air transport.
Answer:

1. It is a very costly mode of transport. The rates and fares charged by which is beyond the reach of common people.
2. Air craft are not quite suitable for carrying heavy loads and weights.

III. Short Answer Questions

Question 1.
What do you mean by common carrier?
Answer:
A common carrier is a person who is engaged in the business of carrying goods for hire indiscriminately for all persons. There are organizations transporting goods on designated routes according to a fixed regular schedule, offering to transport goods for hire for all people without discrimination.

For Future Learning

Question a.
Geographical separation between producer and consumer – Comment.
Answer:
Trade and transport connects the producer and customer.

Question b.
Importing Crude oil from foreign country to Petroleum refineries – transporting through Truck tankers or Pipelines – Suggest with reason.
Answer:
Pipelines are suggested because of lesser cost

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 14 Transportation Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 13 Warehousing Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 13 Warehousing

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 13 Warehousing. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 13 Warehousing Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Warehousing Textbook Exercise Questions and Answers

I. Choose the Correct Answer

Question 1.
Warehouses removes the hindrance of ………………
(a) Person
(b) Time
(c) Risk
(d) Knowledge
Answer:
(b) Time

Question 2.
A warehouse holds goods as a ……………… center.
(a) Marketing
(b) Sorting
(c) Distribution
(d) Selling
Answer:
(c) Distribution

Question 3.
……………… can be given as a collateral security for getting financial assistance from bank.
(a) Dock warrant
(b) Warehouse receipt
(c) Dock receipt
(d) Warehouse warrant
Answer:
(d) Warehouse warrant

Question 4.
……………… warehouses are licensed by the government and are permitted to accept the goods on bond.
(a) Bonded
(b) Cold Storage
(c) Public
(d) None of these
Answer:
(d) None of these

Question 5.
……………… warehouses are used for storing perishable goods like fruits, vegetables etc.
(a) Bonded
(b) Private
(c) Cold storage
(d) Co – operative
Answer:
(c) Cold storage

Question 6.
The document which authorizes to deliver the goods either in part or full is called ………………
(a) Warehouse warrant
(b) Dock receipt
(c) Dock warrant
(d) None of these
Answer:
(c) Dock warrant

Question 7.
The Institutional warehouse started with the support of the government is ………………
(a) Bonded warehouse
(b) Public warehouse
(c) Food Corporation of India
(d) Custom bonded
Answer:
(c) Food Corporation of India

II. Very Short Answer Questions

Question 1.
What is Warehouse?
Answer:
It is a place where goods are stored for future use and act as distribution centres. Warehouses are designed depending upon the nature of the products to be stored.

Question 2.
List the various types of Warehouses.
Answer:

1. On the Basis of Ownership – Private, Public
2. On the Basis of Commodities stored – General

Question 3.
Give any three functions of Warehouses.
Answer:

1. Storage
2. Price stabilization
3. Equalization of demand and supply.

Question 4.
Tabulate the three differences between warehouse warrant and warehouse receipt.
Answer:
Warehouse Warrant:

• It is a document of title of goods.
• It is not only an acknowledgement for the
• receipt of goods but also gives an authority to get delivery of goods by the owner or by third party-
• It can be negotiated or transferred to others.

Warehouse Receipt:

• It is not a document of title of goods.
• It is only an acknowledgement for the
• receipt of goods.
• It cannot be transferred to others.

Question 5.
Give a note on FCI.
Answer:
FCI provides storage facilities for good grains. FCI also hires storage capacity from other sources such as CWC, SWC and private parties.

III. Short Answer Questions

Question 1.
Differentiate the warehouse warrant from the warehouse receipt.
Answer:
Warehouse Warrant:

• It is a document of title of goods.
• It is not only an acknowledgement for the receipt of goods but also gives an authority to get delivery of goods by the
• owner or by third party.
• It can be negotiated or transferred to others.

Warehouse Receipt:

• It is not a document of title of goods.
• It is only an acknowledgement for the receipt of goods.
• It cannot be transferred to others.

Question 2.
Comment on cold storage warehouse.
Answer:
Goods are transferred in refrigerated containers and stored in refrigerated warehouse. These warehouses are used for storing perishable goods like fruits, vegetables, eggs, butter, fish, meat, etc. Goods stored in cold storages without deterioration in quality, can be made available throughout the year.

IV. Long Answer Questions

Question 1.
Explain the different types of warehouses A. On the Basis of Ownership
Answer:
1. Private Warehouses : Private warehouses are built and owned by private business enterprises in order to store the products produced by them.

2. Government Warehouses : They are created and operated by the Government to implement the programmes of the Government.

3. Public Warehouse : It is open for public at large. Most of the business organisations, especially small and medium scale units cannot afford to have their own warehouses.

4. Co – operative Warehouses : There are warehouses owned and managed by the marketing co-operative societies or agricultural co-operative societies. They are setup to provide warehousing facilities to their members.

5. Bonded Warehouses : Bonded warehouses are those warehouses, which are licensed by the government to accept storage of imported goods which are not cleared due to non – payment of customs duty by the importer.

Question 2.
Explain the advantages of warehousing functions.
Answer:

1. It safeguards the stock for the merchants who do not have storage place.
2. Warehouses reduces the distribution cost of the traders by storing the goods in bulk and allow the trader to take the goods in small lots to his shop.
3. It helps in selection of channel of distribution. The producer will prefer whether to a wholesaler or retailer.
4. It assists in maintaining the continuous sale and avoid the possibilities of “Out of Stock”.
5. It creates employment opportunities for both skilled and unskilled workers to improve their standard of living.

Samacheer Kalvi 12th Commerce Warehousing Additional Questions and Answers

I. Choose the Correct Answer:

Question 1.
NCDC is an example of ……………. warehouse.
(a) Private
(b) Government
(c) Public
(d) Co – operative
Answer:
(d) Co – operative

Question 2.
The FCI was setup under the Food Corporation Act,
(a) 1964
(b) 1985
(c) 1995
(d) 2013
Answer:
(a) 1964

Question 3.
CWC was established in
(a) 1964
(b) 1957
(c) 1956
(d) 1956
Answer:
(b) 1957

II. Very Short Answer Questions

Question 1.
Give a not on SWC.
Answer:
State Warehousing Corporation (SWC) : Every state government is given power to establish its own Warehousing Corporation after getting approval from the CWC. 50% of the capital is contributed by the CWC and the balance 50% contributed by State Government.

Question 2.
Write a note on TNWC.
Answer:
Tamil Nadu Warehousing Corporation (TNWC) : Tamil Nadu Warehousing Corporation was established in 1959. The available storage capacity of TNWC is 6.83 Lakh MT with 7 Regional offices and 256 Godowns across the state.

III. Long Answer Questions

Question 1.
Explain the warehousing in India.
Answer:
India is an agrarian country but the importance of warehousing was not felt till 1950. Agriculture contributes 16 percent of the overall GDP and accounts for employment of approximately 52 percent of the Indian population. It is estimated that more than 40 percent of our agricultural .productions wasted due to poor storage facilities.

On the recommendation of the All India Rural Credit Survey Committee, the Agricultural Produce (Development and warehousing) Corporation Act enacted in 1956, authorized the Government to setup National Co-operative Development and Warehousing Board to develop agricultural Co-operatives and warehousing.

For future Learning

Question a.
The warehouse of the future : How will it impact efficiency?
Answer:
From 2019, new technology could be revolutionary and improving efficiency in warehouse by Warehousing Management System (WMS). Technologies including artificial intelligence, 3D printing and self-driving vehicle could be more widely used in warehouses everywhere sooner than you think. By 2030, warehouses will be a part of initiative to achieve Zero net energy. Warehouse buildings will operate 24 x 7 x 365 and be designed with sustainability. By creating strategies, warehouse will save costs and prevent harmful emissions. Solar panels will become the main sources of energy for warehouses.

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 13 Warehousing Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 12 Functions of Commercial Banks Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 12 Functions of Commercial Banks

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 12 Functions of Commercial Banks. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 12 Functions of Commercial Banks Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Functions of Commercial Banks Textbook Exercise Questions and Answers

I. Choose the Correct Answer
Question 1.
Electronic banking can be done through ………………
(a) Computers
(b) Mobile phones
(c) ATM
(d) All of the above
Answer:
(d) All of the above

Question 2.
Minimum how much amount can be transferred through RTGS?
(a) Any amount
(b) 50,000
(c) 2 lakh
(d) 5 lakh
Answer:
(c) 2 lakh

Question 3.
The largest commercial bank of India is ………………
(a) ICICI
(b) SBI
(c) PNB
(d) RBI
Answer:
(b) SBI

Question 4.
In which kind of account, it is compulsory to deposit certain amount at certain time?
(a) Saving deposit
(b) Fixed deposit
(c) Current deposit
(d) Recurring deposit
Answer:
(d) Recurring deposit

Question 5.
Which of the following is not a type of advance provided by commercial bank?
(a) Collecting and supplying business information
(b) Overdraft
(c) Cash credit
(d) Discounting of bills
Answer:
(a) Collecting and supplying business information

II. Very Short Answer Questions

Question 1.
What is Mobile Banking?
Answer:
Most of the commercial banks have designed computer programs called apps which can be downloaded in smartphones. With this app in the smartphone a customer can operate his account transactions from anywhere. This service is known as mobile banking.

Question 2.
Briefly explain the need for Debit card.
Answer:
ATM card is also called debit card. This card is more useful in purchase of goods and services anywhere in India if the shop maintains a swiping machine facility.

Question 3.
Briefly explain the term – Credit card.
Answer:
Banks issue credit cards to customers and other eligible persons. With this card, the holder can purchase goods and services on credit at any shop in India. .

Question 4.
What do you mean by ATM?
Answer:
ATM (Automated Teller Machine) card. A customer can withdraw money any time, anywhere in India from the ATM machine using the ATM card given by his / her bank.

Question 5.
Write a note on – ECS.
Answer:
Electronic Clearing Service (ECS) was launched by the RBI in 1995. It is an electronic method of fund transfer from a bank to another bank.

III. Short Answer Questions

Question 1.
What is E-Banking?
Answer:
E – Banking is a method of banking in which the customer conducts transactions electronically via the internet.

Question 2.
Write a short note on – RTGS.
Answer:
Real Time Gross Settlement Systems (RTGS) was launched by the RBI in 2013. The transactions are settled on real time basis. Gross settlement means the transaction is settled between one bank and another bank without adding any other transactions.

Question 3.
Briefly explain the Diversified banking services of commercial banks.
Answer:
Competition in the banking industry has reduced their profits. Therefore the commercial banks started identifying and offering new and diversified financial services. They are purely other than banking services. Providing all such banking and other financial services is also called universal banking. Such services are as follows: Bank Assurance, Merchant Banking, Retail Banking (Personal Banking), Housing Finance, Mutual Fund, Venture Capital Fund, Factoring.

Question 4.
Explain – NEFT.
Answer:
National Electronic Fund Transfer (NEFT) was launched by the RBI in 2005. Under this electronic funds transfer system, bulk transfer of transactions are settled in batches during specific timings across India. Individuals and institutions which maintain accounts with a NEFT enabled bank branch are eligible for using NEFT.

Question 5.
What do you mean by Core Banking Solutions?
Answer:
‘CORE’ stands for ‘Centralized Online Real time Exchange’. In the centralized server of the bank, all the details of all the accounts of all the branches of the bank are available. A customer can withdraw money through cheque at any branch of that bank throughout the world. Similarly anyone can deposit money into the account. Entry of the transactions is recorded in the centralized server of the bank in real time and can be seen in all the branches of the bank. This facility is called Core Banking Solutions.

IV. Long Answer Questions

Question 1.
Discuss the various primary functions performed by the commercial banks.
Answer:
The primary functions of a commercial bank are of three types. They are:

1. Accepting Deposits
2. Granting Loans and Advances
3. Creation of Credit

1. Accepting Deposits : The basic deposit accounts offered by commercial banks are listed below. Broadly deposit accounts can be classified into demand deposits and time deposits.

A. Demand Deposits : These deposits are repayable on demand on any day. This consists of savings deposits and current deposits.

a. Savings Deposits: General public deposit their savings into this account. This account can be opened in one individual’s name or more than one name.
b. Current Deposits: This account is suitable for business institutions. Individuals too can open this account. A higher minimum balance should be kept in this account.

B. Time Deposits: These include fixed deposits and recurring deposits which are repayable after a period.

a. Fixed Deposits (FD): Certain amount is deposited for a fixed period for a fixed rate of interest.
b. Recurring Deposits (RD): Certain sum is deposited into the account every month for one year or five years or the agreed period. Interest rate is more than savings deposits and almost equal to fixed deposits.

Granting Loans and Advances : The second primary functions of commercial banks is lending money in order to earn interest income.

A. Advances
a. Overdraft: It is a credit facility extended mostly to current account holding business community customers.
b. Cash Credit: It is a secured credit facility given mostly to business institutions. Stock in hand, raw materials, other tangible assets, etc. are provided as collateral.
c. Discounting of Bills: Business customers approach banks to discount the commercial bills of exchanges and provide money.

B. Loans:
Short term and medium term loans are provided by commercial banks against eligible collaterals to business concerns.
a. Housing Loan
b. Consumer Loans
c. Vehicle Loans
d. Educational Loan
e. Jewel Loan

3. Creation of Credit : Apart from the currency money issued by the RBI, the credit money in circulation created by commercial banks influence economic activities of a country to a large extent. Credit money of commercial banks is far greater in volume than the currency money.

Question 2.
Explain the various secondary functions of commercial banks.
These services can be broadly classified into agency services and general utility services.

I. Agency Functions:
Banks act as agents of customers and provide certain services. They are called Agency Functions which are as follows:

1. Transfer of Funds: Banks issue demand drafts, bankers cheques, travelers’ cheques, ete. and help in transfer of funds from one place to another.

2. Periodic Payment of Premiums, Rent, etc.: After instruction from the customers, banks undertake the monthly payment of insurance premium, rent, telephone bills, etc. from the accounts of customers.

3. Collection and Payment of Cheques: On behalf of customers bank collect the cheques deposited into the accounts of customers from other banks and deposit cash in the customers’ accounts.

4. Acting as Executors, Trustees and Attorneys: Banks act as executors of will of the customers and implement their will after their death.

5. Conduct Share Market transactions: A Demat account should be opened with Depository Participant and that demat account should be linked with savings bank account by the customer.

6. Preparation of Income Tax Return: Banks prepare the annual income tax return on behalf of the customers and provide income tax related advice to them.

7. Dealing in Foreign Exchange: Banks buy and sell foreign currencies on behalf of customers.

8. Acting as Correspondent: Banks act as correspondent of customers and receive travel ticket, passport, etc.

II. General Utility Functions:

1. Issue of Demand Drafts and Bankers’ Cheques
2. Accepting Bills of Exchange on behalf of Customers
3. Safety Lockers
4. Letters of Credit
5. Travellers Cheques
6. Gift Cheques
7. Reference Service

Samacheer Kalvi 11th Commerce Cooperative Organisation Additional Questions and Answers

I. Choose the Correct Answer:

Question 1.
The primary functions of a commercial bank are of ……………. types.
(a) One
(b) Two
(c) Three
(d) Four
Answer:
(c) Three

Question 2.
FD is also called ……………. deposit.
(a) RD
(b) Savings
(c) Term
(d) Current
Answer:
(c) Term

Question 3.
Overdraft facility is given ……………. account holders.
(a) Savings
(b) Current
(c) Fixed
(d) Recurring
Answer:
(b) Current

Question 4.
Electronic Clearing Services (ECS) was launched by the RBI in …………….
(a) 1995
(b) 1998
(c) 1990
(d) 1991
Answer:
(a) 1995

Question 5.
National Electronic Funds Transfer (NEFT) was launched by the RBI in …………….
(a) 1995
(b) 2000
(c) 2005
(d) 2010
Answer:
(c) 2005

II. Very Short Answer Questions

Question 1.
Give the features of Smart card.
Answer:
Now a days smart card is used for day to day purposes.

1. Strong device security.
2. Biometrics

Question 2.
What is Internet Banking?
Answer:
Internet banking refers to performing banking operations through internet, using computers and mobile phone.

Question 3.
What is Capital Formation?
Answer:
Banks encourage savings habit among people and accumulate their small dormant savings. These funds can be fruitfully channelized for productive purposes of the economy.

Case Study

Question 1.
A person forgot his password of Debit card, How to get password? Give guidelines to him.
Answer:
First step we ask his registered phone number in the bank. If he has given phone number, we can get onetime password though the registered phone number and get new password easily. Second step, he can get the password with the mobile in the ATM also. He has to insert the debit card in ATM machine. It will ask the password. If he has forgotten the password, it will ask the phone number. If he types the phone number, he can get new password from the bank through his mobile number.

Third step : He can ask the branch manager, who will guide him properly and help him get the new password.

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 12 Functions of Commercial Banks Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 11 Types of Banks Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 11 Types of Banks

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 11 Types of Banks. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 11 Types of Banks Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Types of Banks Textbook Exercise Questions and Answers

I. Choose the Correct Answer

Question 1.
Which bank is not a Industrial Bank?
(a) ICICI
(b) HSBC
(c) SIDBI
(d) IDBI
Answer:
(b) HSBC

Question 2.
The Local Area Banks are promoting
(a) Rural savings
(b) Business savings
(c) Industrial development
(d) Agricultural development
Answer:
(a) Rural savings

Question 3.
Foreign banks are begun their operation since
(a) 1978
(b) 1979
(c) 1980
(d) 1981
Answer:
(c) 1980

II. Very Short Answer Questions

Question 1.
Give the meaning of Commercial Banks.
Answer:
Banks which accept deposits from the public and grant loans to traders, individuals, agriculture, industries, transport etc., in order to earn profit.

Question 2.
What do you mean by Industrial Banks?
Answer:
Huge finance required for investment, expansion and modernisation of big industries and others are granted by a separate type of banks called development Banks. They are also called as industrial banks.

Question 3.
Briefly explain about Correspondent Banks?
Answer:
A bank in a country can appoint another bank in a foreign country to act as correspondent bank.

Question 4.
What are Foreign Banks?
Answer:
Banks which have registered office in a foreign country and branches in India are called foreign banks.

III. Short Answer Questions

Question 1.
Write a short note on Local Area Banks. Give two examples.
Answer:
Local Area Bank (LAB) scheme was introduced by the RBI in August 1996. LABs are small private sector banks established in rural and semi-urban areas. Each bank serves two or three adjoining districts only. Their main objective is to mobilise rural savings (accept deposits) and invest them in the same areas.

Examples:

1. Coastal Local Area Bank, Vijayawada, Andhra Pradesh.
2. Subhadra Local Area Bank Limited, Kolhapur, Maharashtra

Question 2.
Answer:
What are the objectives involved in Regional Rural Banks?
Answer:
Their objective is to develop rural economy and play supplementary role to cooperative societies. They mobilise deposits from the rural public and provide finance to rural artisans, small entrepreneurs and farmers and try to avoid their dependency on money lenders. As on 31.3.2016, there were 56 RRBs in India with 14,494 branches. They are regulated and supervised by NABARD.

Question 3.
Mention the purposes of Agricultural and Co – operative banks.
Answer:
Their foremost objective is providing service to its members for rural and agricultural development and not profit earning. They are set up in towns and villages rather than cities. Compared to the commercial banks they offer less variety of services as the bye laws do not permit all commercial bank activities.

IV. Long Answer Questions

Question 1.
Explain the various types of banks based on organization with examples.
Answer:
1. Commercial banks:
Banks which accept deposits from the public and grant loans to traders, individuals, agriculture, industries, transport, etc. in order to earn profit. Their lending is in comparatively small amounts and mostly for short and medium period. e.g.. State Bank of India

2. Development Banks:
Huge finance required for investment, expansion and modernisation of big industries and others are granted by a separate type of banks called development Banks. They are also called industrial banks, e.g., IFCI, SIDBl.

3. Cooperative Banks:
All cooperative banks in India are owned by its customers or members who are farmers, small traders and others. Cooperative banks in India are either urban based or rural based. example NAFED, Tamil Nadu State Apex Cooperative Bank – Head Office, Chennai.

4. Foreign Banks:
Banks which have registered office in a foreign country and branches in India.are called foreign banks, e.g., Bank of America – USA.

5. Regional Rural Banks (RRBs):
The RRBs were formed under the Regional Rural Bank Act 1976, jointly by the Central Government, State Government, and a sponsor bank, exsmple Pandian Grama Bank.

Question 2.
Explain the types of banks based on ownership pattern.
Answer:
Any bank in which not less than 51 percent of shares are owned by the Government are called Government banks or public sector commercial banks. All nationalized banks (19 banks, in 2017), SBI and IDBI Ltd. are public sector commercial banks. All of them are joint stock company type banks. There are corporation type banks. Each corporation type bank is established by a separate Act of Parliament and is fully owned by Government of India.

All banking companies owned by private people are called private sector commercial banks. All cooperative banks are owned by its members from the public.

1. Nationalised banks: Indian bank, IOB, etc.
2. Public sector banks: State Bank of India, IDBI Bank Ltd.
3. Private sector banks: Lakshmi Vilas Bank, Karur Vysya Bank.

Samacheer Kalvi 11th Commerce Cooperative Organisation Additional Questions and Answers

I. Choose the Correct Answer:

Question 1.
Patru, Varavu, Selavu, Laabam, Nashtam which all,collectively known as ‘Iynthogai’ is otherwise called ……………..
(a) Trial Balance
(b) Ledger
(c) Journal
(d) Transaction
Answer:
(a) Trial Balance

Question 2.
Bank of Hindustan was the first bank in India established in ……………..
(a) 1771
(b) 1770
(c) 1932
(d) 1930
Answer:
(b) 1770

Question 3.
The General Bank of India was established in ……………..
(a) 1786
(b) 1796
(c) 1766
(d) 1787
Answer:
(a) 1786

Question 4.
Bank of Calcutta was the first joint stock bank established in
(a) 1806
(b) 1807
(c) 1805
(d) 1808
Answer:
(a) 1806

Question 5.
World bank otherwise called ……………..
(a) IBRD
(b) IMF
(c) RBI
(d) SBI
Answer:
(a) IBRD

Question 6.
International Monetary Fund (IMF) in which India became the member in ……………..
(a) 1947
(b) 1946
(c) 1945
(d) 1950
Answer:
(c) 1945

Question 7.
The state bank of India came into being in ……………..
(a) 1995
(b) 1945
(c) 1955
(d) 1965
Answer:
(c) 1955

II. Very Short Answer Questions:

Question 1.
What do you mean by Cooperative banks?
Answer:
All cooperative banks in India are owned by its customers or members who are farmers, small traders and others. Cooperative banks in India are either urban based or rural based.

Question 2.
What is Scheduled bank?
Answer:
All banks which satisfied the norms and included in the Second Schedule to the RBI Act, 1934 are called scheduled banks.

Case Study

Question 1.
You are the Agricultural bank manager; a farmer approaches you for loan from your bank for purchasing a tractor and other farm equipment. How would you sanction the loan?
Answer:
National Bank for Agriculture and Rural Development (NABARD) is such a bank National Cooperative Development Corporation (NCDC). These banks are giving bank loans for agriculture. If I were a bank manager, I ask the farmer the details of security. Land documents and other securities must be collected from the agriculturist. Then I check the productivity of his land.

How much earnings from that land in every year. If the regular incomes and yielding getting from that land, we can allow loan sanction for that farmer. Before that the terms and conditions of the loan sanction letter to be given. He has to read and put the signature in that credit letter.

Question 2.
Due to natural calamities, the farmer could not repay the loan. He has no other way to repay the loan. How to collect loan from the farmer?
Answer:
We can ask the Government, if any policy has been changed and sanctioned any compensations. Otherwise we can ask him whether insurance took the harvesting land. If he did the insurance policy, the Insurance company can give the compensations and we can collect from them, or we can give notice and give the auction on that land and recover money from that auction by the land document. The land was hypothecated by the bank and the loan was given. So we can have a chance to recover that loan.

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 11 Types of Banks Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students who are interested in learning of 11th English Grammar Reported Speech Questions and Answers can use Tamilnadu State Board Solutions of 11th English Chapter Wise Pdf. First check in which chapter you are lagging and then Download Samacheer Kalvi 11th English Book Solutions Questions and Answers Summary, Activity, Notes Chapter Wise. Students can build self confidence by solving the solutions with the help of Tamilnadu State Board English Solutions. English is the scoring subject if you improve your grammar skills. Because most of the students will lose marks by Grammar grammar mistakes. So, we suggest you to Download Tamilnadu State Board 11th English Solutions according to the chapters.

Tamilnadu Samacheer Kalvi 11th English Grammar Reported Speech

Check out the topics covered in Grammar Reported Speech Questions and Answers before you start your preparation. Improve your grammar skills with the help of Samacheer Kalvi 11th English Book Solutions Questions and Answers pdf links. The solutions for Tamilnadu State Board 11th English Textbook are prepared by the English experts. So, if you follow Tamilnadu State Board Solutions 11th English Textbook Solutions you can cover all the topics in Grammar Reported Speech Questons and Answers. This helps to improve your communication skills.

A. Write what the people actually said:
1. The teacher told the students that the students had done very well in the test.
The teacher said to the students, “You have done very well in the test”.

2. The Prime Minister said that he was determined to abolish poverty.
The Prime Minister said, “I am determined to abolish poverty”.

3. All holy scriptures advise us to do our duty without worrying about the result.
All holy scriptures say, “Do your duty without worrying about the result”.

4. The teacher asked me whether I was going to join the medical course or the engineering
The teacher said to me, “Are you going to join the Medical course or Engineering course?”

5. Shyam’s grandfather advised him not to waste his time in unnecessary activities.
Shyam’s grandfather said to him, “Don’t waste your time in unnecessary activities”.

6. The fairy exclaimed that the woodcutter was very greedy.
“What a greedy woodcutter!” the fairy said.

7. The teacher asked the students not to look at their neighbor.
The teacher said to the students, “Don’t look at your neighbor”.

8. The collector ordered the clerk to prepare the report that day itself.
The collector said to the clerk, “Prepare the report today itself.”

B. Report the actual words of the speaker:

1. “I do not know who has taken my wallet,” said Mohan to his brother.
Mohan told his brother that he did not know who had taken his wallet.

2. Jeevan said to his teacher, “ I cannot understand this lesson. Will you teach it to me again?”
Jeevan told his teacher that he could not understand that lesson and asked if she/he would ‘ teach that to him again.

3. Kumar said to me, “My bicycle looks better than yours.”
Kumar told me that his bicycle looked better than his.

4. The teacher said to Sameer, “Have you completed your assignment?”
The teacher asked Sameer if/whether he had completed his homework.

5. The teacher said to the girls, “Where do you want to go for a one-day trip?”
The teacher asked the girls where they wanted to go for a one-day trip.

6. The boy said to his mother, “When will you buy me an ice-cream?”
The boy asked his mother when she would buy him ice-cream.

The main aim is to share the knowledge and help the students of 11th English to secure the best score in their final exams. Use the concepts of Samacheer Kalvi 11th English Book Solutions Grammar Reported Speech Questions and Answers in Real time to enhance your skills. If you have any doubts you can post your comments in the comment section, We will clarify your doubts as soon as possible without any delay.

Students can find the most related topics which helps them to analyse the concepts if they practice according to the chapter-wise page. It is necessary for the students to practice more Questions and Answers for Tamilnadu State Board Solutions of 11th Commerce are given in the pdf format in chapter 10 Reserve Bank of India Questions and Answers so that students can prepare in both online and offline modes. So, Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers, Notes Pdf, to score good marks.

Samacheer Kalvi 11th Commerce Solutions Chapter 10 Reserve Bank of India

Get the Questions and Answers, in Tamilnadu State Board 11th Commerce Solutions for Chapter 10 Reserve Bank of India. Learn the concepts of 11th Commerce Chapter-Wise by referring to the Tamilnadu State Board Solutions for Chapter 10 Reserve Bank of India Questions and Answers. Hence we suggest the students to Download Samacheer Kalvi 11th Commerce Book Solutions Questions and Answers pdf to enhance your knowledge.

Samacheer Kalvi 11th Commerce Reserve Bank of India Textbook Exercise Questions and Answers

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:
(a) Central bank

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

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:
In simple words, bank is an institution, which deals in money and credit. The Bank, normally refers to Commercial Bank.

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:
The Imperial Bank of India carried out the note issue and other functions of the central bank. 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 recommendation to create a central bank. As a result the RBI Act 1934 was passed and RBI launched in operations from April 1,1935. RBI was established with a share capital of Rs. 5 crores divided into shares of Rs. 100 each fully paid up. The Head office of the RBI is situated in Mumbai.

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:
(i) Leadership and Supervisory Functions, (ii) Traditional Functions and, (iii) Promotional Functions.

(i) Leadership and Supervisory Functions:

1. India’s Representative in World Financial Institutions
2. Regulator and Supervisor of Indian Banking System
3. Monetary Authority
4. Closely Monitoring Economic Parameters
5. Promptly Responding to New Challenges

(ii) Traditional Functions:

1. Banker and Financial Advisor to the Government
2. Monopoly of Note Issue
3. Banker’s Bank
4. Controller of Credit and Liquidity
5. Quantitative Methods of Credit Control
6. Qualitative Credit Control Measures
7. Lender of the Last Resort
8. Clearing House Services
9. Custodian of Foreign Exchange Reserves
10. Maintenance of Foreign Exchange Rate
11. Collection and Publication of Authentic Data

(iii) Promotional Functions:

1. Nurturing Banking Habits among the Public
2. Grievance Settlement Measures
3. Agricultural Development
4. Promotion of Small Scale Industries
5. Facilitates Foreign Trade
6. 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 (2017). The RBI is governed by a central board of directors. The 21 member 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.

Samacheer Kalvi 11th Commerce Cooperative Organisation Additional 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.
IBRD is otherwise called as …………….
(a) IMF
(b) World Bank
(c) SBI
(d) RBI
Answer:
(b) World Bank

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

Question 4.
Banking Regulation Act, …………….
(a) 1947
(b) 1949
(c) 1945
(d) 1946
Answer:
(b) 1949

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

Question 6.
When did India carry out demonetization?
(a) Nov 8, 1996
(b) Nov 8, 2016
(c) Nov 8, 2006
(d) Nov 8, 2017
Answer:
(b) Nov 8, 2016

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

II. Very Short Answer Questions

Question 1.
What is 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.
What is Cash Reserve Ratio (CRR)?
Answer:
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.

For Future Learning

Question 1.
Know the Central Banks of Some other Countries.
Answer:
The Central Bank of Russia is the Bank of Russia
The Central Bank of Sri Lanka is the Central Bank of Sri Lanka

• The Central Bank of the USA is Federal Reserve tori The Fed
• The Central Bank of Pakistan is The State Bank of Pakistan

Question 2.
Mention the names of Central Banks in three other countries.
Answer:

• Australia – Reserve Bank of Australia
• Algeria – Bank of Algeria
• Canada – Bank of Canada

Case Study

Question 1.
Taka up a recent newspaper clipping about RBI such as the measures taken to reduce NPA. etc.
Answer:
The non – performing asset (NPA) situation has been one of the contentious issue in the country over the last few years. Even though demonstration has been issue Recently, the issue of NPAs has been at the foremost of the banking fraternity’s concerns in the last year. In the Context of an ordinance issued by the government to provide more independence to the Reserve Bank of India (RBI), it is important to understand what can really be done, considering that RBI has more powers to address this issue. The question for the RBI now is “How will it solve the problem?”. While experts have commented on various measures, it would also be prudent to look across the border to China to see how to deal with this.

1. The first was to reduce risks by strengthening banks and spearheading reforms to the state – owned enterprises (SOEs) by reducing their level of debt. .
2. The second important measure was enacting laws that allowed the creation of assets management companies, equity participation and most importantly asset – based securitization.
3. The third key measure that the China took was to ensure the government had the financial loss of the debt “discounted” and debts equity swaps were allowed in case of growth opportunity.
4. The fourth measure they took was producing incentives like tax breaks, exemption from administrative fees and transparent evaluation norms.
5. To conclude, it is important to look after some of the key measures taken by other countries to address the NPA issue.
6. India should leam from it, especially is the context of valuations, securitization and more targeted NPA redresal mechanism.
   Sri Ram Balasubramanian is an economist First Published: Wednesday, May 10, 2017

Question 2.
Arrange for a group discussion on customer grievances and the cases settled by Banking Ombudsman offices.
Answer:
Banking Ombudsman offices:
The Banking Ombudsman scheme-, 1995 was notified by RBI on June 14, 1995 in terms fo the power confessed on the Bank by Section 35 A of the Banking Regulations Act 1949 (10 of 1949) to provide for a system of redressal of grievances against banks. The scheme sought to establish a system of expeditions and inexpensive resolutions of customers complaints. The scheme is operation since 1995 and was revised during the year 2002. The scheme is being executed by Banking Ombudsman appointed by RBI at 15 centres covering the entire country.

Question 3.
Visit the RBI website www.rbi.org.in to read and have a discussion on any annual report, etc.
Answer:
Name of the complaints received by the Banking Ombudsman

Awards issued by the Banking Ombudsman

and so on …. till 15 centres.

Share this Tamilnadu State Board Solutions for 11th Commerce Chapter 10 Reserve Bank of India Questions and Answers with your friends to help them to overcome the issues in exams. Keep visiting this site Tamilnadu State Board Solutions frequently to get the latest information on different subjects. Clarify your doubts by posting the comments and get the answers in an easy manner.

Students who are interested in learning of 11th English Grammar Sentence Transformation Questions and Answers can use Tamilnadu State Board Solutions of 11th English Chapter Wise Pdf. First check in which chapter you are lagging and then Download Samacheer Kalvi 11th English Book Solutions Questions and Answers Summary, Activity, Notes Chapter Wise. Students can build self confidence by solving the solutions with the help of Tamilnadu State Board English Solutions. English is the scoring subject if you improve your grammar skills. Because most of the students will lose marks by Grammar grammar mistakes. So, we suggest you to Download Tamilnadu State Board 11th English Solutions according to the chapters.

Tamilnadu Samacheer Kalvi 11th English Grammar Sentence Transformation

Check out the topics covered in Grammar Sentence Transformation Questions and Answers before you start your preparation. Improve your grammar skills with the help of Samacheer Kalvi 11th English Book Solutions Questions and Answers pdf links. The solutions for Tamilnadu State Board 11th English Textbook are prepared by the English experts. So, if you follow Tamilnadu State Board Solutions 11th English Textbook Solutions you can cover all the topics in Grammar Sentence Transformation Questons and Answers. This helps to improve your communication skills.

The table given below contains the basic principles to transform the sentences:

Simple	Complex (sub-ordinating conjunction)	Ccompound (co-ordinating conjunction)
too ………………………………. to	so ………………………………. that	Very ………………………………. and so
In the case of/in the event of	If / Unless ………………………………. (not)	or, or else, otherwise
In spite of / Despite+Noun phrase	Though/although/even though	but, yet, still
Being, Having On+verb+ing (gerund) Till, after, before+’v’ing

Transform the sentences according to the instructions given in the bracket:

Question 1.
The boy was very hungry, so he ate the whole cake, (change into a simple sentence)
Answer:
Being very hungry, the boy ate the whole cake.

Question 2.
Though the lizard made several attempts, it could not catch the spider. (change into a compound sentence)
Answer:
The lizard made several attempts yet it could not catch the spider.

Question 3.
The lady was very ill. She could not go to the office. (Change into a complex sentence)
Answer:
As the lady was ill, she could not go to the office.

Question 4.
The doctor made several attempts. He could not save the old man. (Change into a simple sentence)
Answer:
In spite of making several attempts, the doctor could not save the old man.

Question 5.
She was bold. So, she became an astronaut. (Change into a simple sentence)
Answer:
Being bold, she became an astronaut.

Question 6.
As it rained heavily, the schools were closed, (change into a compound sentence)
Answer:
It rained heavily and so the schools were closed.

Question 7.
She was very tired. She couldn’t walk. (Change into a simple sentence)
Answer:
She was too tired to walk.

Question 8.
He burnt his midnight oil. Yet, he did not clear his CA examination with distinction. (Change into a complex sentence)
Answer:
Even though/Although/Though he burnt his midnight oil, he did not clear his CA examination with distinction.

Question 9.
The master was very angry. He shouted at the sleeping watchman. (Change into a simple sentence)
Answer:
Being very angry, the master shouted at the sleeping watchman.

Question 10.
Though the leader made many efforts, he could not bring unity among the party cadres. (Change into a compound sentence)
Answer:
The leader made many attempts but he could not bring unity among the party cadres.

The main aim is to share the knowledge and help the students of 11th English to secure the best score in their final exams. Use the concepts of Samacheer Kalvi 11th English Book Solutions Grammar Sentence Transformation Questions and Answers in Real time to enhance your skills. If you have any doubts you can post your comments in the comment section, We will clarify your doubts as soon as possible without any delay.