Ahsec Class 12 Finance Solved Question Paper - 2026| ASSEB BOARD
2026
FINANCE
Full Marks: 80
Pass Marks: 24
Time: 3 hours
The figures in the
margin indicate full marks for the questions
1. Answer any six of the following questions: 1×6=6
(a) When was the RBI Act passed?
Ans:- 1934.
(b) Write the full form of SIDC.
Ans:- State
Industrial Development Corporation.
(c) Money market in India is
regulated by whom?
Ans:- Reserve
Bank of India (RBI).
(d) Write the full form of NIM.
Ans:- Net
Interest Margin.
(e) What is meant by credit rating?
Ans:- An independent evaluation or
assessment of a borrower's creditworthiness, indicating their ability to repay
debt.
(f) In which year SFC was
established?
Ans:- 1951 (established under the State
Financial Corporations Act, 1951).
(g) Give two examples of financial
services.
Ans:- Banking
and Insurance.
(h) What is bank rate?
Ans:- The standard rate at which the
central bank lends long-term funds to commercial banks.
2 Answer
the following questions briefly: 2×4=8
(a) Name two departments of RBI.
Ans:-
Issue Department and Banking Department.
(b) What is money market?
Ans:- A financial market where short-term
financial assets and securities with a maturity period of up to one year are
traded, providing high liquidity to participants like banks and financial
institutions.
(c) What do you mean by broker?
Ans:- An intermediary or agent who
facilitates the buying and selling of securities on behalf of investors in
exchange for a commission or fee.
(d) Write two advantages of
E-banking.
Ans:- Two advantages of E-banking
are:-
(i) 24/7 Accessibility: Allows customers to access banking
services anytime and anywhere via internet-enabled devices.
(ii) Convenience and Speed: Enables quick fund transfers (such
as NEFT, RTGS, or UPI) and online bill payments without visiting a physical
branch.
3. Answer
any four of the following questions: 3×4=12
(a) Write three objectives of IFCI.
Ans:- Three objectives of the
Industrial Finance Corporation of India (IFCI):-
(i) Providing medium and long-term
financial assistance:
Meeting the long-term credit requirements of industrial and manufacturing
companies in the country.
(ii) Promoting balanced regional
development: Encouraging
industrial growth across various sectors and regions, particularly by
supporting small and medium-scale enterprises.
(iii) Encouraging capital formation: Mobilizing savings and channeling
them into productive industrial investments, thereby contributing to overall
economic growth.
(b) Write three traditional functions
of RBI.
Ans:- Three traditional functions of
the Reserve Bank of India (RBI):-
(i) Currency issuance: Holding the sole authority or
monopoly to issue currency notes (excluding one-rupee notes and coins) to
ensure uniformity and control over the money supply.
(ii) Banker to the government: Maintaining accounts for central and
state governments, managing public debt, and handling government payments and
receipts; thus acting as an agent, advisor, and banker.
(iii) Banker's bank and lender of
last resort: Holding
a portion of commercial banks' reserves, regulating their operations, and
providing emergency financial assistance when they face liquidity shortages.
(c) Write three differences between
financial lease and operating lease.
Ans:- The three main differences
between a financial lease and an operating lease are as follows:-
(a) Duration:-
(i) Financial Lease: It is a long-term agreement covering
a major portion of the asset's economic life.
(ii) Operating Lease: It is a short-term agreement
covering only a small portion of the asset's useful life.
(b) Maintenance and Risk:-
(i) Financial Lease: The responsibility for the asset's
maintenance, repairs, and all associated risks lies with the lessee.
(ii) Operating Lease: The responsibility for maintenance
lies with the lessor, who also bears the operational risks associated with the
asset.
(c) Right to Cancel and Purchase
Option:-
(i) Financial Lease: It cannot be cancelled by the lessee
during the primary lease term and usually includes an option to purchase the
asset at the end of the term.
(ii) Operating Lease: It can be easily cancelled by the
lessee on short notice and does not include an option to purchase the asset.
(d) Write the defects of Indian money
market.
(e) What is stock exchange?
(f) What is meant by venture capital?
4. Answer
any six of the following questions: 5×6=30
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