SEBA Class 10 Social Science Important Chapter 10 Financial Literacy

SEBA Class 10 Social Science Important Chapter 10 Financial Literacy Solutions English Medium As Per New Syllabus to each chapter is provided in the list so that you can easily browse through different chapters SEBA Class 10 Social Science Important Chapter 10 Financial Literacy Notes and select need one. SEBA Class 10 Social Science Additional Notes English Medium Download PDF. SEBA Class 10 Social Science Extra Questions in English.

SEBA Class 10 Social Science Important Chapter 10 Financial Literacy

Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. SEBA Class 10 Social Science Important Notes are part of All Subject Solutions. Here we have given SEBA Class 10th Social Science Additional Solutions in English for All Chapters, You can practice these here.

Financial Literacy

Chapter: 10

PART – III: ECONOMICS

IMPORTANT QUESTION ANSWER

Short Question & Answers:

1. What is the full form of NEFT?

Ans: The full form of NEFT is National Electronic Funds Transfer.

2. What is the minimum amount of money that can be transferred through RTGS?

Ans: A minimum of 2 lakh rupees can be transferred through RTGS.

3. For how much time is the IMPS service available in a day?

Ans: The IMPS service is available 24×7.

4. Who invented UPI?

Ans: UPI was invented by the National Payments Corporation of India (NPCI).

5. What was the name of the first bank in India and in which year was it established?

Ans: The first bank in India was the Bank of Hindustan, and it was established in 1770.

6. Where is the head office of the Reserve Bank of India located?

Ans: The head office of the Reserve Bank of India is located in Mumbai.

7. Who has the monopoly right to print paper currency in India?

Ans: The Central Bank (Reserve Bank of India) has the monopoly right to print paper currency in India.

8. What are the three types of deposits collected by commercial banks?

Ans: Commercial banks collect three types of deposits: current deposits, fixed deposits, and savings deposits.

9. In which year was NABARD established?

Ans: NABARD was established in 1982.

10. What is the full form of SIDBI?

Ans: The full form of SIDBI is Small Industries Development Bank of India.

11. In which year was SEBI established?

Ans: SEBI was established in 1992.

12. What are the two main stock exchanges of India?

Ans: The two main stock exchanges of India are the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

13. How many alphanumeric characters are there in a PAN card?

Ans: A PAN card contains 10 alphanumeric characters.

14. How many numbers are there in an Aadhaar card?

Ans: An Aadhaar card contains a 12-digit number.

15. What is Phishing?

Ans: Phishing is a type of fraud intended to steal personal information by sending malicious emails, messages, or website links.

Long Question & Answers:

1. Discuss any three main functions of the Reserve Bank of India.

Ans: Three main functions of the Reserve Bank of India are:

(a) Issue of Paper Currency: The central bank has the monopoly right to print paper currency. No other bank has this right.

(b) Credit Control: The central bank controls the volume of deposit money or credit money.

(c) Banker to the Government: The central bank provides financial assistance to the government, offers advice, and maintains the accounts of all government income and expenditure as a representative of the government.