11th Standard Syllabus & Materials
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Published on: 14/12/2019
Types of Banks
Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Commerce Test1.
Patru, Varavu, Selavu, Laabam, Nashtam which all collectively known as 'Iynthogai' is otherwise called ___________.
Trial Balance
Ledger
Journal
Transaction
2.
The first land Mortgage bank was established in the year_______
1920
1945
1930
1960
3.
Today there are only ____________ nationalised banks.
19
21
14
20
4.
The Banking Regulation Act was passed in the year _____________
1904
1949
1956
1948
5.
Apex institution of agricultural bank is _____________
State co-operative bank
NABARD
RBI
IDBI
6.
Give the examples of RRBs.
7.
Give the examples of Co-operative Banks.
8.
Explain Islamic banking.
9.
What do you mean by private sector banks?
10.
What do you mean by Public sector banks?
11.
What is 'Foreign Exchange Bank'?
12.
Describe the Multilateral Development Bank.
13.
Write a note on Nidhi Companies.
14.
Write a note on Money lenders.
15.
Explain the types of banks based on the status given by the RBI.
16.
Explain the types of Banking System in India.
17.
What do you mean by Payment Bank?
18.
Write a note on small Finance Banks
19.
Explain the various types of banks on the basis of functions.
1.
(a)
Trial Balance
2.
(a)
1920
3.
(a)
19
4.
(b)
1949
5.
(b)
NABARD
6.
The examples of RRBs are:
(i) Pallavan Grama Bank, Salem,Tamil Nadu.
(ii) Pandian Grama Bank,Thirumangalam, Madurai District, Tamil Nadu
(iii) Vallalar Grama Bank, Chidambaram, Cuddalore District, Tamil Nadu
(iv) Paduvai Bharathiyar Grama Bank, Villiyanur, Puducherry.
7.
The examples of Co-operative Banks are:
(i) National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) was set up in 1958 and registered under the Multi State Cooperative Societies Act.
(ii) Tamil Nadu State Apex Cooperative Bank - Head Office, Chennai
(iii) Madurai District Central Cooperative Bank Ltd.
(iv) Batlagundu Cooperative Urban Bank Ltd. Dindigul District.
8.
Islamic banking is a system of banking based on Islamic principles of bank or Sharia.It is practised in UAE, Qatar, Pakistan, Kuwait, Bahrain, etc.
9.
All banking companies owned by private people are called private sector commercial banks.E.g Lakshmi Vilas Bank, Kotak Mahindra Bank.
10.
In India all those commercial banks that are wholly owned by the central government either directly or through RBI are called public sector banks.
Examples:
(i) State bank group
(ii) Nationalised banks
11.
A Foreign Exchange Bank deals with foreign exchange transactions. It acts as a businessman in buying and selling foreign currencies. It grants loans to exporters and importers. These banks opens a letter of credit in favour of importer which enables him to meet his foreign currency needs. Thus, foreign exchange banks encourages flow of foreign investment into India and capture international capital markets.
12.
1. A Multilateral Development Bank is formed by the Governments of a group of countries.
2. The member countries consist of developed donor countries and borrower countries.
3. International Bank for Reconstruction and Development, Asian Development Bank, African Development Bank, and European Investment Bank are some of the MOBs
13.
Nidhi companies promote thrift and savings habit among members and they are registered under Companies Act, 2013.Only Nidhi companies fulfilling certain norms are registered and regulated by the RBI.Others are not regulated.
14.
An individual as well as institution lend money in rural and urban areas.
Certain community based businessmen provided loans for interest in different parts of India.
The reasons for their indispensable existence are:
i) They disburse loan at doorstep at any time of the day with or witheut security.
ii) They provide the required amount and at the required time.
iii) Very less documentation and procedures.
iv) Banks are not willing to advance loans to farmers or labourers with less income levels.
15.
Under this type, the banks are classified into scheduled banks and non-scheduled banks.
(i) All banks which satisfied the norms and included in the Second Schedule to the RBI Act, 1934 are called scheduled banks.
(ii) Such banks are given financial accommodation and remittance facilities at concessional rates by the RBI.
(iii) There is no non-scheduled commercial bank in India.
(iv) There are five Urban Cooperative Banks and three Local Area Banks which function as nonscheduled banks in India.
(v) Small Finance Banks and Payments Banks have not been licenses under Section 22 of the Banking Regulation Act, 1949.
16.
(i) There are several types of banking systems which can be combined by any of the above banks. They are: Unit banking, branch banking, retail banking, merchant banking, universal banking, relationship banking, wholesale banking, pure banking, mixed banking, chain banking, group banking, green banking and so on. These are not separate banks recognised as such by the RBI.
(ii) Islamic banking is a system of banking based on Islamic principles of banking or Sharia. It is based on two principles. First no interest is charged on loans and no interest is given on deposits. The business firms which received loans from banks will give a share of profit to the banks and banks will give a share of profit to the depositors. It is practiced in UAE~Qatar, Pakistan, Kuwait, Bahrain, etc.,
17.
Payment Banks are formed to widen the spread of payment and financial services to small businesses,low-income households, and migrant labourers These banks should be fully networked from the beginning. They offer doorstep banking payment for a small fess prescribed on the basis of amount.They issue ATM/Debit cards, Internet banking and third party fund transfers.But they can't lend money and issue credit cards.In August 2015, the RBI gave 'in principle' licenses to Payment Banks.
18.
Small Finance Banks (SFBs) are private sector banks set up in unbanked and under banked regions of the country to achieve financial conclusion.E.g:Ujjivan SFB Limited, Bengalurur, Karnataka.The objectives of Small Finance Banks are:
i) Mobilising rural savings. (accepting deposits) and
ii) Providing credit to small and marginal farmers, to micro and small industries and other unorganised sector entities.
19.
(i) Central Bank:
(1) Every nation has one central bank. It is owned by the government of that country.
(2) The control over the entire banking system of a country is vested with this apex bank.
(3) Central banks are known by different names in different countries. In India, the Reserve bank is the central bank.
(ii) Commercial Banks:
(1) Banks which accept deposits from the public and grant loans to traders, individuals, agriculture, industries, transport, etc. in order to earn profit.
(2) Their lending is in comparatively small amounts and mostly for short and medium period.
(3) They also provide other services like remittance of funds, safe keeping of valuables, collection of cheques, issue of letters of credit, etc.
Examples: State Bank of India, Karur Vysya Bank, Standard Chartered Bank.
(iii) Development Banks:
(1) 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.
(2) Finance is provided by them for medium and long terms ranging from five to twenty years. They do not accept deposits from the public. They subscribe shares and debentures of industries. Examples: IDBI, IFCI, SIDBI.
(iv) Co-operative Banks :
(i) All co-operative banks in India are owned by its customers or members who are farmers, small traders and others.
(2) Co-operative. banks in India are either urban based or rural based. Their foremost objective is providing service to its members for rural and agricultural development and not profit earning.
(3) They are set up in towns and villages rather than cities.
(4) Examples: Tamil Nadu State Co-operative bank, Madurai District Central Co-operative bank, Batlagundu Co-operative Urban bank, Dindigul District.
(v) Foreign Banks:
(1) Banks which have registered office in a foreign country and branches in India are called foreign banks.
(2) These banks open their offices in big cities and port towns only. Mostly they serve the interests of the multinational companies, employees and other business institutions.
(3) Examples: Bank of America, Barclays Bank, Deutsche bank, etc.
(vi) Regional Rural Banks - RRBs:
(1) The RRBs were formed under the Regional Rural Bank Act 1976, jointly by the Central Government, State Government, and a sponsor bank.
(2) Their share capital is contributed by these sponsors. Their objective is to develop rural economy and play supplementary role to co-operative societies.
(3) Examples: Pallavan Grama Bank (Salem), Pandian Grama Bank (Madurai) Vallalar Grama Bank (Cuddalore & Chidambaram).
(vii) Specialised Banks:
(1) Some banks, are created for special purposes by the Government. Export and Import Bank of India was set up through Export-Import Bank of India Act, 1981.
(2) Its main objective is to facilitate international trade of Indian businessmen.
(viii) Local Area Banks:
(1) Local Area Bank scheme was introduced by the RBI in August 1996. These are small private sector banks established in rural and semi-urban areas.
(2) 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.
(3) Examples: Coastal local Area Bank, Vijayawada, Andra Pradesh and Subhadra Local area bank limited, Kolhapur, Maharashtra.
(ix) Small finance banks:
(1) Small Finance Banks are private sector banks set up in unbanked and underbanked regions of the country to achieve financial inclusion.
(2) Examples: ESAF SFB Thiruvananthapuram, Kerala and Ujjivan SFB Limited, Bengaluru Karnataka.
(x) Payment Bank:
(1) Payment banks are formed to widen the spread of payment and financial services to small businesses, low-income households, and migrant labourers.
(2) These banks should be fully networked from the beginning.
(3) They offer doorstep banking payment for a small fees prescribed on the basis of the amount.
(4) Examples: Airtel payment bank limited, Paytm payment bank limited, Indian post payment bank limited.
(xi) Multilateral Development Banks (MDBs):
(1) A Multilateral Development Bank is formed by the Governments of a group of countries.
(2) The member countries consist of developed donor countries and borrower countries.
(3) International Bank for Reconstruction and Development, Asian Development Bank, European Investment Bank are some of the MDBs.
11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
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TN 11th Tamil மாமழை போற்றுதும் - துணைப்பாடம் - யானை டாக்டர் Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
TN 11th Tamil மாமழை போற்றுதும் - செய்யுள் - ஐங்குறுநூறு Important Questions And Answers Study Material - QB365 Set A
Tamilnadu Stateboard 11th Standard Subjects

Maths

Commerce

Economics

Biology

Business Maths and Statistics

Accountancy

Computer Science

Physics

Chemistry

Maths

Biology

Economics

Physics

Chemistry

History

Business Maths and Statistics

Computer Science

Accountancy

Computer Applications

History

Computer Technology

Commerce

Computer Applications

Computer Technology

Tamil

English

French
Tamilnadu Stateboard Standards