Q17 of 141 Page 455

In what ways does the Reserve Bank of India supervise the functioning of banks? Give one way why is it necessary.

Reserve Bank of India is the central banking institution, which regulates the monetary policy of the Indian economy. RBI is an institution of national importance and the pillar of the surging Indian economy.


Functions:


1. frames the regulations for banks in India.


2. Supervises the commercial banks


3. It monitors that the banks have minimum capital balance.


4. The RBI ensures that the loans are given to everyone by the banks including the small borrowers, and not just to the profit-making business.


5. RBI ensures that the banks do not lend more money than they are supposed to.


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Discuss different considerations about religion and politics.

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"Today, India is well linked with the rest of the world despite its vast size, diversity, linguistic and socio-cultural plurality."

(a) What factors have contributed to India's socio-economic progress?


(b) What values do you gain from traveling within the country as well as to foreign country?

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Differentiate between the Human Development Report and the World Development Report.

 19

What were the effects of the Great Depression on the Indian economy?

OR


Explain the role of advertisements in creating new consumers for British products.


OR


Describe the various forms of entertainment that came up in the 19th century to provide leisure activities to people.