Read and download free pdf of CBSE Class 11 Business Studies Types Of Business Services Worksheet. Students and teachers of Class 11 Business Studies can get free printable Worksheets for Class 11 Business Studies in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 11 students should practice questions and answers given here for Business Studies in Grade 11 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 11 Business Studies Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests
Types Of Business Services Class 11 Business Studies Worksheet Pdf
Class 11 Business Studies students should refer to the following printable worksheet in Pdf for Types Of Business Services in standard 11. This test paper with questions and answers for Grade 11 Business Studies will be very useful for exams and help you to score good marks
Class 11 Business Studies Worksheet for Types Of Business Services
CBSE Class 11 Business Studies - Types of Business Services
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Banking means accepting deposits of money from the public(for the purpose of lending and investment),repayable on demand and withdrawable by cheque or otherwise.
Types of Banks:-
• Commercial Banks
• Co-operative Banks
• Specialised Banks
• Central Banks
(1) Commercial Banks: A commercial bank is an institution which accepts deposits of money from the public for the purpose of lending investment.Commercial banks are governed by Indian Banking Regulation Act,1949. Following are the types of commercial banks on the basis of owenership:
Public Sector banks- They are owned,managed and controlled by the government. Their main emphasis is on social objectives rather than on profitability.E.g. the State Bank of India(SBI),Punjab National Bank(PNB),Canara Bank etc.
Private Sector banks-They are owned,managed and controlled by private promoters,e.g. HDFC Bank,ICICI Bank, etc. They emphasise more on profitability.
Foreign banks- They are owned and managed by foreign promoters e.g. CITI Bank,Standard Chartered Bank etc.
(2) Co-operative Banks: They provide cheap credit to their members. It is an important source of rural credit,like agricultural fincancing in India,Delhi Nagrik Sahakari Bank Ltd.
(3) Specialised Banks: These are foreign exchange banks,industrial banks,developed banks,export-import banks,etc. These provide financial aid to industries and foreign trade.e.g. IDBI,SIDBI etc.
(4) Central Bank:The Central Bank of a country is the apex institution and the monetary authority.
The Reserve Bank of India(RBI) is the Central Bank of our country. It issues currency and control money supply and credit in the country.It supervises,controls and regulated the activities of all the commercial banks. It also acts as a banker to the government.
Q1. Which institute is called a borrower as well as a lender?
Q2. Enumerate the two primary functions of commercial banks.
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