AHSEC| CLASS 12| FINANCE| SOLVED PAPER - 2018| H.S. 2ND YEAR
2018
FINANCE
Full Marks: 100
Pass Marks: 30
Time: Three hours
The figures in the margin indicate full marks for the questions.
1. Answer as directed: 1x8=8
(a) In which year first Presidency Bank was established?
Ans:- In 1806.
(b) What do you mean by private sector bank?
Ans:- Banks that are owned and managed to private or general citizens are called private sector banks. The benefit or disadvantage of such banks goes to the banking company shareholders.
(c) Give the meaning of bank rate.
Ans:- The bank rate is the rate on which the RBI redefines the papers submitted by commercial banks or directly carries them forward against the approved securities.
(d) Capital market is the market for long term market. (State whether True or False)
(e) Write the full form of SIDC.
Ans:- State Industrial Development Corporation.
(f) A collecting banker ca claim statutory protection only in the case of Crossed cheque.
(g) What is primary market?
Ans:- The primary market deals with the issue of new securities by companies to investors.
(h) IFCI was established in the year 1947/1948/1950.
2. Name two subsidiaries of State Bank of India. 2
Ans:- State Bank of India has two subsidiaries:-
(i) SBI Life Insurance Limited.
(ii) SBI Card and Payment Services Limited.
3. Who is paying banker? 2
Ans:- The banker who cheque and pays the order of the customer or customer is known as a paying banker.
The banker on which a cheque is drawn or the banker who needs to pay the check drawn by the customer is called a paying banker.
4. What is post-dated cheque? 2
Ans:- Post-dated cheque (or post-dated cheque) is a cheque written with future date. In other words, the date that appears on the cheque occurs after the date when the cheque was written.
5. Write the meaning of hypothecation. 2
Ans:- Hypothecation is a process of charging on transferred securities items. The fee applied to the cool property of the borrower is called hypothetic in simple language. When the borrower goes to the bank and for example his car asks for a loan, the hypothash is applied. Now, we know that the car is a moving property purchased by the borrower. Under the hypotence charging method, the bank will sign an agreement with the borrower, according to which the car will only be laid by the borrower, but, if the borrower is not able to pay the loan in the defined time period, the bank has. The right to seize the car from the borrower for a lifetime.
6. State the meaning of liquiding. 2
Ans:- The liquidation is a method of discontinuing a business and distributing its valuable products to your valuable products to your valuable products. When a company is insolvency, it is a common phenomenon, which means that it is unable to fulfill its commitments.
7. State any three differences between Bill of Exchange and Promissory Note. 3
Ans:- There are three differences between the exchange and promotion note bills:-
(i) Bill of Exchange is a negotiable instrument that is a legally binding document with an order to pay a certain amount to a person within a pre-determined time limit, which is on-demand by the carrier of the instrument There is within or on-demand. A promissory note is a negotiable tool in which a person has a written promise to pay a certain amount to his holder or a unit or a unit on the demand or on the east date by the holder.
(ii) Bill of Exchange: It is mentioned in Section 5 of the Negotiations Instruments Act, 1881. Promissory note: Mentioned in Section 4 of the Negotiations Instruments Act, 1881.
(iii) Bill of Exchange: Three parties involved i.e a drawer, the drawee and a payee. Promissory note: Two parties involved i.e a drawer/maker and the payee.
8. What are the basic features of Development Bank? 3
Ans:- The basic features of the Development Bank are:-
(i) Unlike commercial banks, development banks do not deposit from the public. Therefore, they are not completely dependent on saving mobilization.
(ii) Development Banks are special institutions that provide moderate and long -term credit lenders.
(iii) Their main objective is to serve public interest instead of earning profit.
9. Mention the different kinds of endorsement. 3
Ans:- There are different kinds of endorsement:-
(i) Blank or General Endorsement.
(ii) Full Endorsement or Special Endorsement.
(iii) Conditional Endorsement.
(iv) Restrictive Endorsement.
(v) Partial Endorsement.
(vi) Facultative Endorsement.
10. Draw a specimen copy of Promissory Note. 3
Ans:-
11. Explain the functions of clearing house. 3
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