{"id":2248,"date":"2020-08-24T05:58:29","date_gmt":"2020-08-24T00:28:29","guid":{"rendered":"https:\/\/kseebsolutions.guru\/?p=2248"},"modified":"2021-07-02T15:04:30","modified_gmt":"2021-07-02T09:34:30","slug":"kseeb-sslc-class-10-business-studies-solutions-chapter-1","status":"publish","type":"post","link":"https:\/\/kseebsolutions.guru\/kseeb-sslc-class-10-business-studies-solutions-chapter-1\/","title":{"rendered":"KSEEB SSLC Class 10 Business Studies Solutions Chapter 1 Bank Transactions"},"content":{"rendered":"

Students can Download Business Studies Chapter 1 Bank Transactions Questions and Answers, Notes Pdf, KSEEB SSLC Class 10 Social Science Solutions<\/a>\u00a0helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations.<\/p>\n

Karnataka State Syllabus Class 10 Social Science Business Studies Chapter 1 Bank Transactions<\/h2>\n

Class 10 Social Science Bank Transactions Textual Questions and Answers<\/h3>\n

I. Fill in the blanks with a suitable answer:<\/p>\n

Question 1.
\nThe word \u2018Bank\u2019 has been derived from the French word ………
\nAnswer:
\nBanque.<\/p>\n

Question 2.
\nBanker\u2019s bank is ………..
\nAnswer:
\nReserve Bank of India.<\/p>\n

Question 3.
\nAn example for a Nationalized bank is ………………..
\nAnswer:
\nState Bank of India.<\/p>\n

\"KSEEB<\/p>\n

Question 4.
\nThe national Saving Certificates are issued by ……………
\nAnswer:
\nPostal Bank of India.<\/p>\n

Question 5.
\nThe type of account where any number of transactions can be made with Bank is ………….
\nAnswer:
\ncurrent account.<\/p>\n

Question 6.
\nThe deposits for a fixed term can be deposited in ………… account.
\nAnswer:
\nTerm deposit.<\/p>\n

II. Answer the following questions after discussing with your friends.<\/p>\n

Question 1.
\nWhat is a bank?
\nAnswer:
\nThe term bank is derived from the Italian word \u201cBanco\u201d or from a French word \u201cBanque\u201d both mean a \u201cBench\u201d or money exchange table.<\/p>\n

Question 2.
\nList out the characteristics relating to bank transactions.
\nAnswer:
\nThe list of the characteristics relating to bank transactions is as under:<\/p>\n

    \n
  1. Dealing with money,<\/li>\n
  2. Acceptance of deposits<\/li>\n
  3. Lending loans<\/li>\n
  4. \u00a0Payment and withdrawal<\/li>\n
  5. Agency and Utility services,<\/li>\n
  6. Profit and Service orientation<\/li>\n
  7. \u00a0Connecting link<\/li>\n
  8. Name identity.<\/li>\n<\/ol>\n

    Question 3.
    \nWhat are the functions of a bank?
    \nAnswer:
    \nThe functions of the bank are:<\/p>\n

      \n
    1. Accepting deposits from the public and others.<\/li>\n
    2. Lending money to public and other institutions in the form of loans.<\/li>\n
    3. Transferring money from one place to another (Remittance),<\/li>\n
    4. Collecting money by cheques, drafts and bills.<\/li>\n
    5. Discounting of bills.<\/li>\n
    6. Providing facility of safe deposit lockers for account holders.<\/li>\n
    7. Performing foreign exchange transactions.<\/li>\n
    8. Performing government transactions.<\/li>\n
    9. Issuing letters of credit and guarantee.<\/li>\n<\/ol>\n

      \"KSEEB<\/p>\n

      Question 4.
      \nExplain the relation between the bank and customers.
      \nAnswer:
      \nThe relation between bankers and customers is classified in two categories, namely<\/p>\n

        \n
      1. General relationship:\n
          \n
        • Primary relationship: It is a debtor and creditor relationship,<\/li>\n
        • \u00a0Subsidiary relationship- It it trustee and beneficiary relationship.<\/li>\n
        • Agent and Principal relationship.<\/li>\n<\/ul>\n<\/li>\n
        • Special relationship:\n
            \n
          • Obligation to honour the cheques,<\/li>\n
          • Obligation to maintain secrecy of accounts.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n

            Question 5.
            \n\u201cThe number of saving bank account holders is increasing” Give reasons.
            \nAnswer:
            \nThe number of saving bank account holder is increasing because:<\/p>\n

              \n
            1. Banks are the safe custody for depositing money.<\/li>\n
            2. Depositing money in the banks is helpful to meet future requirements like children’s education and wedding expenses.<\/li>\n
            3. Banks give interest to the deposits.<\/li>\n
            4. Banks provide advances in loans for agriculture and business purposes etc.<\/li>\n<\/ol>\n

              Question 6.
              \nWhat are the advantages of opening a bank account?
              \nAnswer:
              \nThe advantages of opening a bank account are:<\/p>\n

                \n
              1. Bank account facilitates safe custody of money.<\/li>\n
              2. Bank account helps in making payments<\/li>\n
              3. Bank account helps in collection of money<\/li>\n
              4. Bank account holders get advances and loans.<\/li>\n
              5. Bank account helps in smooth financial transactions.<\/li>\n
              6. Bank account holders get safe deposit locker facilities.<\/li>\n<\/ol>\n

                Class 10 Social Science Bank Transactions Additional Questions and Answers<\/h3>\n

                Question 1.
                \nBy whom Savings Bank account is opened?
                \nAnswer:
                \nThis type of account is generally opened in Banks by salaried persons or by the persons who have a fixed regular income.<\/p>\n

                \"KSEEB<\/p>\n

                Question 2.
                \nName some saving certificates.
                \nAnswer:<\/p>\n

                  \n
                1. National Saving Certificates.<\/li>\n
                2. Post Office Saving Bank.<\/li>\n
                3. Kisan Vikas Patra<\/li>\n
                4. Monthly Recurring Deposits.<\/li>\n
                5. Postal Life Insurance.<\/li>\n<\/ol>\n

                  Question 3.
                  \nWhat is a bank?
                  \nAnswer:
                  \nA banking company may be defined as a company that transacts the business with finance.<\/p>\n

                  Question 4.
                  \nHow many nationalized and Foreign banks are there in India?
                  \nAnswer:
                  \nThere are 20 Nationalised and 19 Foreign banks are there in India.<\/p>\n

                  Question 5.
                  \nExpand A.T.M.
                  \nAnswer:
                  \nAutomatic Teller Machine.<\/p>\n

                  Multiple Choice Questions<\/p>\n

                  Question 1.
                  \nThe term bank is derived from the Italian word
                  \na) Banco
                  \nb) Bench
                  \nc) Banque
                  \nd) Banks
                  \nAnswer:
                  \na) Banco<\/p>\n

                  Question 2.
                  \nThe special relationship between bankers and customers is
                  \na) Primary relationship
                  \nb) Subsidiary relationship
                  \nc) Agent and principal relationship
                  \nd) Obligation to honour cheques.
                  \nAnswer:
                  \nd) Obligation to honour cheques.<\/p>\n

                  Question 3.
                  \nReserve Bank of India is called a Bankers bank because
                  \na) RBI formulates the monetary policies
                  \nb) Development is Banking policies
                  \nc) Issue the currency notes
                  \nd) All the above points
                  \nAnswer:
                  \na) RBI formulates the monetary policies<\/p>\n

                  Question 4.
                  \nThe main work of the postal bank of India is
                  \na) Pension payments
                  \nb) Money transfer
                  \nc) Postal life insurance
                  \nd) All the above functions.
                  \nAnswer:
                  \nd) All the above functions.<\/p>\n

                  Question 5.
                  \nIn this account, the amount can be deposited or withdrawn any number of times in a days
                  \na) Term deposit account
                  \nb) Recurring deposit account
                  \nc) Current account
                  \nd) Savings bank account
                  \nAnswer:
                  \nc) Current account<\/p>\n","protected":false},"excerpt":{"rendered":"

                  Students can Download Business Studies Chapter 1 Bank Transactions Questions and Answers, Notes Pdf, KSEEB SSLC Class 10 Social Science Solutions\u00a0helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations. Karnataka State Syllabus Class 10 Social Science Business Studies Chapter 1 Bank Transactions Class 10 Social Science Bank …<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/2248"}],"collection":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/comments?post=2248"}],"version-history":[{"count":0,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/2248\/revisions"}],"wp:attachment":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/media?parent=2248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/categories?post=2248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/tags?post=2248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}