AHSEC Class 12 Finance Solved Question Paper 2020 PDF - [H.S 2nd Year Finance Solved Paper]

Are you a student preparing for the AHSEC Class 12 Finance exam? Searching for the AHSEC Class 12 Finance Solved Question Paper 2020? Look no further! In this page, we will provide you with a comprehensive overview of the AHSEC H.S 2nd Year Finance Solved Question Paper 2020. The Assam Higher Secondary Education Council (AHSEC) conducted this examination, making this solved question paper an invaluable resource for your exam preparation.

Overview: AHSEC Class 12 Finance Solved Question Paper 2020

- Board: Assam Higher Secondary Education Council (AHSEC)

- Class: 12th

- Year: 2020

- Exam Mode: Offline

- Subject: Business Studies

- Solution: AHSEC Class 12 Finance Studies Solved Question Paper 2020

- Category: AHSEC Solved Question Papers

AHSEC HS 2nd Year Finance Solved Question Paper 2020

BANKING SOLVED QUESTION PAPERS
AHSEC CLASS 12 BANKING' 2020
BANKING
Full Marks: 100
Time: 3 hours
The figures in the margin indicate full marks for the questions.

1. (a) Bank of Bombay was established in the year 1809/1843/1840.                        1

(b) How many local boards assist the Central Board of RBI?                         1

Ans: 4(Four). Four local boards located at Kolkata, Mumbai, New Delhi and Chennai.

(c) Write the full form of IFCI.                   1

Ans: Industrial Finance Corporation of India

(d) What is meant by Non-Banking Financial Institution?                             1

Ans: NBFIs: Non-Banking Financial Institutions (NBFIs) are financial institutions that provide various financial services and intermediation functions, similar to traditional banks, but they do not hold a banking license. NBFI is a broad category that includes a variety of financial entities, such as:

• Finance Companies: These companies provide loans and credit to individuals and businesses.
• Leasing Companies: They offer equipment and property leasing services.

(e) Asian Development Bank gives foreign currency loans. (State True or False)             1

Ans: True

(f) In case of Bill of Exchange, the order must be conditional. (State True or False)            1

Ans: False, Unconditional

(g) What is the main difference between ‘Scheduled Bank & Non-Scheduled’ Bank?                     1

Ans: Scheduled Bank vs. Non-Scheduled Bank:

• Scheduled Bank: A scheduled bank is a bank that is listed in the Second Schedule of the Reserve Bank of India Act, 1934, in the case of India (or a similar list in other countries). These banks are eligible to receive certain benefits, including access to central bank facilities and government schemes. They are subject to more regulatory scrutiny and have a wider range of functions.

• Non-Scheduled Bank: A non-scheduled bank is a bank that is not listed in the Second Schedule of the Reserve Bank of India Act, 1934 (or an equivalent list in other countries). These banks have a more limited range of functions and may not have access to certain privileges and facilities available to scheduled banks.

(h) What is the meaning of marking of a cheque?                            1

Ans: The term "marking of a cheque" refers to the process where a bank or financial institution acknowledges the receipt and acceptance of a check presented for payment. When a cheque is marked, it means that the bank has verified the signature and account details, ensuring that there are sufficient funds to cover the check amount.

2. How does commercial bank help in execution of Monetary Policy?                   2

Ans: How Commercial Banks Help in the Execution of Monetary Policy:

• Commercial banks play a vital role in the execution of monetary policy set by the central bank (e.g., the Reserve Bank of India). They help in implementing monetary policy through several mechanisms:
  • Open Market Operations (OMOs): Commercial banks participate in buying and selling government securities in the open market, which influences the money supply and interest rates.
  • Reserve Requirements: Banks must maintain a certain percentage of their deposits as reserves with the central bank. Adjusting these reserve requirements can impact the money supply.

3. Give the meaning of Endorsement.                   2

Ans: The term “Endorsement” of a negotiable instrument means writing of a person’s name of the back of the instrument for the purpose of negotiation. According to Section 15 of the Negotiable Instrument Act, 1881, “When the maker or holder of a negotiable instrument sings his name, otherwise than such maker, for the purpose of negotiation, on the back or face thereof or on a slip of paper annexed thereto he is said to have endorsed the instrument.” The person who puts his signature is called the “endorser” and the person in whose favour it is being endorsed in called the “endorsee”.

[Download Pdf for Complete Solution]

Dear Students, If you want to Download AHSEC Class 12 Finance (Banking)  Solved Question Papers [2012-2023] PDF Format Click on Download, Price Just  Rs.149/- (Rs.89/-Only) Download PDF [2012-23]

Also Read : AHSEC, H.S 2nd Year Finance (Banking) Important Questions Answers (New Syllabus).

Advantages of AHSEC Class 12 Finance Solved Question Papers

AHSEC Class 12 Finance Solved Question Papers 2020 from previous years serve as valuable study material for students. Here are some advantages:

1. Understanding Exam Pattern: Solved question papers give you insight into the exam pattern, types of questions, and marking schemes used by AHSEC. This understanding helps you structure your preparation effectively.

2. Practice: Regular practice with solved papers enhances your problem-solving skills and time management, crucial for the actual exam.

3. Identifying Weaknesses: By reviewing the solutions, you can identify your strengths and weaknesses in different topics, allowing you to focus on areas that need improvement.

4. Boosting Confidence: Solving previous year's papers successfully boosts your confidence and reduces exam anxiety.

How to Download AHSEC Class 12 Finance Solved Question Paper 2020?

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FAQs

Q1: Are these solved question papers helpful for the current year's exam preparation?

Ans:- Yes, while exam patterns may change slightly, practicing with solved papers gives you a strong foundation in concepts and problem-solving.

Q2: Can I rely solely on solved papers for my exam preparation?

Ans:- While solved papers are excellent resources, complement them with textbooks, notes, and other study materials for comprehensive preparation.

Conclusion

In conclusion, AHSEC Class 12 Finance Solved Question Paper 2020 is an Important resource for your exam preparation. It provides you with insights into the exam pattern, helps you practice effectively, and boosts your confidence. Utilize ProEduNotes to easily access and download this valuable resource, enhancing your chances of achieving excellent results in your AHSEC Class 12 Finance exam. Remember, diligent preparation paves the way for success!