Question

Q1) Read the following paragraph and complete the table given below. (4 marks) A 'Bank' is a financial institution whose main activities are borrowing and lending money. Banks borrow by accepting deposits from the general public or other financial institutions. Commercial banks may be all-purpose or specialised. In India public sector commercial banks are owned by the government. Specialized commercial banks like investment banks specialize on loans to firms; merchant banks on financing capital market transactions, and international trade. Central banks supervise the banking system and control the money supply. Our Central Bank is the Reserve Bank of India. In the US, it is the Federal Reserve; in France, Banque De France; and in the UK, the Bank of England. There are also international banks. The World Bank or the International Bank for Reconstruction and Development is an investment bank at the international level. Banking Sr. No Name Function Example 1. Bank ------------------------ Nil 2. Investment Bank ------------------------ Nil 3. Merchant Bank ------------------------ Nil 4. ------------------------ Controls money supply, supervise banking system
i.) India ------- --------
ii.) The US ---- -------
iii.) France – Banque De France
iv.) UK – The Bank of England 5. International Bank ----------------- at international level. World Bank (----------- -------------- for -------- ------------- and development)

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Answer 1

Answer:

1. 1. Bank is a financial institution whose main activities are vorrowing and lending money.
2. investment banks specialize on loans to firms.
3. merchant banks are specialized on finiancing capital market transactions.
4. Central banks.

• i.) Reserve Bank of India or RBI
• ii) Federal reserve
• iii) Banque De France.
• iv.) the bank of England
• v) International bank for Reconstruction and Development is an investment..
• vi) International Bank for Reconstruction and Development.

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