ASSEB Class 12 Finance Solved Paper - 2025| H.S. 2ND YEAR
2025
FINANCE
Full Marks: 80
Pass Marks: 24
Time: Three hours
The figures in the margin indicate
full marks for the questions.
1. Answer any six from the following questions: 1x6=6
(a) Reserve Bank of India
is the apex monetary institution of India.
(b) State the
meaning of e-banking.
Ans:-
E-banking means carrying out banking transactions such as balance checks, funds
transfers and payments through electronic platforms such as internet, ATMs and
mobile apps.
(c) Name the
oldest stock exchange of our country.
Ans:- The
oldest stock exchange in our country is the Bombay Stock Exchange (BSE).
(d) Write the
full form of OTCEI.
Ans:- The
full form of OTCEI is Over the Counter Exchange of India.
(e) The money market
deals with the short-term lending and borrowing of fund.
(f) In India
who issues all notes other than one-rupee notes?
Ans:- In
India, all notes other than one rupee notes are issued by the Reserve Bank of
India (RBI).
(g) NSE was
set up in which year?
Ans:- NSE
(National Stock Exchange) was established in 1992.
(h) What is
liquidity ratio?
Ans:-
Liquidity ratios are a financial metric used to determine an institution's
ability to pay its short-term liabilities from its short-term assets. Examples
include the current ratio and the quick ratio.
2. Answer the following questions briefly: 2x4=8
(a) What is
bank rate?
Ans:- The
bank rate is the interest rate at which the central bank of a country (such as
the Reserve Bank of India) lends money to domestic commercial banks, usually as
long-term loans, without any security or collateral. It is a major tool used by
central banks to control the money supply in the economy and to control
inflation.
(b) Give two
objectives of GICI.
Ans:- The
General Insurance Corporation of India (GICI) has two objectives:-
(i) To carry on
the general insurance business such as fire, accident and theft insurance, in
addition to life insurance.
(ii) To aid and
encourage its subsidiaries to conduct insurance business efficiently.
(c) What is
secondary capital market?
Ans:- The
secondary capital market is a market where investors trade already issued
financial securities, such as stocks and bonds, among themselves. In this
market, transactions take place between investors and not directly with the
issuing companies, thereby providing liquidity and pricing for securities after
their initial issuance.
(d) State any
two uses of ATM.
Ans:- There
are two uses of ATM (Automated Teller Machine):-
(i)
Withdrawing cash from the bank account at any time.
(ii) Checking
the bank account balance instantly.
3. Answer any four from the following: 3x4=12
(a) Write
three objectives of NABARD.
Ans:- NABARD
has three objectives:-
(i)
Providing financial assistance to rural areas: NABARD provides loans to
farmers, rural entrepreneurs and small businesses to promote agriculture, small
industries and other rural economic activities.
(ii)
Promoting sustainable and equitable rural development: NABARD aims to
ensure long-term development in rural areas, with a focus on infrastructure,
modern farming and self-reliance.
(iii)
Increasing credit flow and rural infrastructure: NABARD seeks to increase
the availability of institutional credit and provide assistance in building or
improving essential rural infrastructure such as irrigation, roads and storage.
(b) What is
cash credit? Give two advantages of cash credit.
Ans:- A
cash credit is a short-term credit facility provided by banks that allows
businesses to withdraw funds up to an approved limit against collateral, usually
to meet daily working capital needs. The borrower can withdraw and deposit
funds from this account as required, paying interest only on the amount
utilised (inference from standard financial knowledge, as this is not directly
mentioned in the search results).
Two
benefits of cash credit:-
(i)
Flexibility in withdrawals: Businesses can withdraw funds multiple times up
to the sanctioned limit, making it easier to meet fluctuating working capital
requirements.
(ii)
Interest is charged only on the amount utilised: Unlike term loans,
interest is payable only on the amount actually utilised, and not on the entire
loan limit (standard financial concept).
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