{"id":9561,"date":"2018-02-12T18:21:45","date_gmt":"2018-02-12T12:51:45","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=9561"},"modified":"2018-03-16T10:38:47","modified_gmt":"2018-03-16T05:08:47","slug":"money-banking-class-12-notes-economics","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/","title":{"rendered":"Money and Banking class 12 Notes Economics"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/#CBSE_Guide_Money_and_Banking_class_12_Notes_Economics\" >CBSE Guide Money and Banking class 12 Notes Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/#12_Economics_notes_Chapter_6_Money_and_Banking\" >12 Economics notes Chapter 6 Money and Banking\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/#Download_Revision_Notes_as_PDF\" >Download Revision Notes as PDF<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/#Money_and_Banking_class_12_Notes_Economics\" >Money and Banking class 12 Notes Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/#CBSE_Class-12_Revision_Notes_and_Key_Points\" >CBSE Class-12 Revision Notes and Key Points<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides accounting for partnership firm\u2019s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Class 12 Economics notes on chapter 6 accounting for partnership firm\u2019s fundamentals are also available for download in CBSE Guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Guide_Money_and_Banking_class_12_Notes_Economics\"><\/span><strong>CBSE Guide Money and Banking class 12 Notes Economics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. It includes all the topics given in NCERT class 12 Economics text book. Users can download CBSE guide quick revision notes from myCBSEguide mobile app and my CBSE guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"12_Economics_notes_Chapter_6_Money_and_Banking\"><\/span><strong>12 Economics notes Chapter 6 Money and Banking\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Download CBSE class 12th revision notes for chapter 6 Money and Banking\u00a0in PDF format for free. Download revision notes for Money and Banking\u00a0class 12 Notes and score high in exams. These are the Money and Banking\u00a0class 12 Notes prepared by team of expert teachers. The revision notes help you revise the whole chapter 6 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days.<\/p>\n<h1 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"Download_Revision_Notes_as_PDF\"><\/span><a href=\"https:\/\/mycbseguide.com\/downloads\/cbse-class-12-economics\/1327\/cbse-revision-notes\/7\/\">Download Revision Notes as PDF<\/a><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"text-align: center\"><strong>CBSE Class\u201312 economics<br \/>\nRevision Notes<br \/>\nMacro Economics\u00a006<br \/>\nMoney and Banking class 12 Notes Economics<br \/>\n<\/strong><\/p>\n<p><strong>Money:<\/strong> Money may be defined as anything which is generally acceptable as a medium of exchange and at the same time\u00a0acts as a\u00a0measure,\u00a0store of value and standard of deferred payment.<\/p>\n<p><strong>Functions of Money:<\/strong><\/p>\n<p><strong>1. Primary Functions<\/strong><\/p>\n<p>a. Medium of exchange<\/p>\n<p>b. Common measure of value or unit of value<\/p>\n<p><strong>2. Secondary Functions<\/strong><\/p>\n<p>a. Standard of deferred payment<\/p>\n<p>b. Store of value<\/p>\n<p>c. Transfer of value<\/p>\n<p><strong>3.Contingent Functions<\/strong><\/p>\n<p>a. Basis of credit<\/p>\n<p>b. Liquidity<\/p>\n<p>c. Basis of price mechanism<\/p>\n<p>d. Maximum profit to the producers<\/p>\n<p>e. Maximum satisfaction to the consumers<\/p>\n<p>f. Basis of distribution of income<\/p>\n<p><strong>Barter Exchange: <\/strong>It implies the direct exchange of goods for goods without the use of money.<\/p>\n<p><strong>Difficulties involved in the Barter Exchange:<\/strong><\/p>\n<p>1. Lack\u00a0of a common measure of value.<\/p>\n<p>2. Lack of double coincidence of wants<\/p>\n<p>3. Lacks of standard of deferred\u00a0payments.<\/p>\n<p>4. Lack of store of value.<\/p>\n<p>5. Lack of divisibility.<\/p>\n<p>6. Difficulty in exchange of services<\/p>\n<p><strong>Supply of Money:<\/strong> Total stock of money (currency notes, coins and demand deposit of banks) in circulation are held by the public at a given point of time.<\/p>\n<p>Supply of money does not include cash balance held by central and state govt. and stock of money held by banking system of country as they are not in actual circulation of the country.<\/p>\n<p><strong>Measures of Money Supply = Currency held by Public + Net Demand Deposits held by commercial banks<\/strong><\/p>\n<p><strong>M<sub>1<\/sub>\u00a0=\u00a0<\/strong>C + DD + OD<\/p>\n<p><strong>C = Currency and coins with the public<\/strong><\/p>\n<p><strong>DD = Demand deposits of the public with the banks<\/strong><\/p>\n<p><strong>OD = Other deposits<\/strong><\/p>\n<p><strong>M<sub>2<\/sub><\/strong>\u00a0= M<sub>1<\/sub>+ Post office savings deposits<\/p>\n<p><strong>M<sub>3<\/sub><\/strong> = M<sub>1<\/sub>+ Time deposits of commercial banks<\/p>\n<p><strong>M<sub>4<\/sub><\/strong>= M<sub>3<\/sub>+ Total deposits with the\u00a0post office saving organisation excluding the deposits on \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 NSC<\/p>\n<p><strong>Banks:<\/strong><\/p>\n<p><strong>Commercial Banks:<\/strong> Commercial Banks are financial institution who accepts deposits from the public and provide loans facilities for investment with the aim of earning profit.<\/p>\n<p><strong>Functions of Commercial\u00a0Banks<\/strong><\/p>\n<p><strong>1. Primary functions:-<\/strong><\/p>\n<p>(a) Accepting deposits<\/p>\n<p>(b) Advancing loans<\/p>\n<p>(c) Discounting bill of exchange.<\/p>\n<p><strong>2. Secondary functions:-<\/strong><\/p>\n<p><strong>1. Agency function<\/strong><\/p>\n<p>(a) Transfer of fund<\/p>\n<p>(b) Collection of funds<\/p>\n<p>(c) Purchase and sale of shares and securities on behalf of the customers<\/p>\n<p>(d) Collection of dividend and interest<\/p>\n<p>(e) Payment of bills and insurance premium on behalf of customers<\/p>\n<p>(f) Acting as executor and trustee of will<\/p>\n<p>(g) Acting as correspondent and representative of customer and provide letter of credit to the \u00a0 \u00a0 \u00a0 \u00a0 customer.<\/p>\n<p><strong>2. General utility function<\/strong><\/p>\n<p>(a) Purchase and sell of foreign exchange.<\/p>\n<p>(b) Issuance of travelers cheque.<\/p>\n<p>(c) Safe custody of valuable goods in lockers.<\/p>\n<p>(d) Underwriting of securities.<\/p>\n<p><strong>Central Banks:<\/strong> The central Bank is the apex institution of monetary and financial\u00a0system of a country. It makes monetary policy of the country in public interest. It manages, supervises and facilitates the banking system of the country.<\/p>\n<p><strong>Functions of Central Banks<\/strong><\/p>\n<p>1. Bank of Issue<\/p>\n<p>2. Banker to\u00a0the Government<\/p>\n<p>3. Banker\u2019s Bank and Supervisor.<\/p>\n<p>4. Controller of credit.<\/p>\n<p>5. Lender of last resort<\/p>\n<p>6. Custodian of foreign exchange reserves<\/p>\n<p><strong>MONEY CREATION OR CREDIT CREATION BY COMMERCIAL BANKS<\/strong><\/p>\n<p><strong>CREDIT\u00a0<\/strong>is defined as finance made available by one party to another party on a certain rate of exchange.<\/p>\n<p>The capacity of banks to create money or credit depends on (i) Amount of primary deposits and (ii) Legal reserve ratio(LRR).<\/p>\n<p><strong>\u00a0Legal Reserve Ratio(LRR):- <\/strong>is fixed by the central bank of a country and it is the minimum ratio of deposit legally required to be kept as cash by banks.<\/p>\n<p><strong>Cash Reserve Ratio(CRR):- <\/strong>It is a part of LRR which is to be kept with the central bank.<\/p>\n<p><strong>Statutory Liquidity Ratio(SLR):-<\/strong> It is a part of LRR which is to be kept with the bank themselves.<\/p>\n<p>Commercial bank\u2019s demand deposits are a part of money supply. Commercial banks lend money to the borrowers by opening demand deposit account in their names. The borrowers are free to use this money by writing cheques. According to definition demand deposits are a part of money supply. Therefore, by creating additional demand deposits bank create money. Money creation depends upon two factor: Primary deposits and Legal Reserve Ratio (LRR). Deposit Multiplier = 1\/LRR Total Deposit creation = Initial deposit X 1\/LRR.<\/p>\n<p><strong>Repo rate :<\/strong> Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.<\/p>\n<p><strong>Description:<\/strong>\u00a0In the event of inflation, central banks increase repo rate as this acts as a disincentive for banks to borrow from the central bank. This ultimately reduces the money supply in the economy and thus helps in arresting inflation.<\/p>\n<p><strong>Reverse repo rate :\u00a0<\/strong>Reverse repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country. It is a monetary policy instrument which can be used to control the money supply in the country.<\/p>\n<p><strong>Description:<\/strong>\u00a0An increase in the reverse repo rate will decrease the money supply and vice-versa, other things remaining constant. An increase in reverse repo rate means that commercial banks will get more incentives to park their funds with the RBI, thereby decreasing the supply of money in the market.<strong>\u00a0 \u00a0\u00a0<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Money_and_Banking_class_12_Notes_Economics\"><\/span>Money and Banking class 12 Notes Economics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>CBSE Revision notes (PDF Download) Free<\/li>\n<li>CBSE Revision notes for Class 12 Economics PDF<\/li>\n<li>CBSE Revision notes Class 12 Economics \u2013 CBSE<\/li>\n<li>CBSE Revisions notes and Key Points Class 12 Economics<\/li>\n<li>Summary of the NCERT books all chapters in Economics class 12<\/li>\n<li>Short notes for CBSE class 12th Economics<\/li>\n<li>Key notes and chapter summary of Economics class 12<\/li>\n<li>Quick revision notes for CBSE board exams<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Class-12_Revision_Notes_and_Key_Points\"><\/span><strong>CBSE Class-12 Revision Notes and Key Points<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Money and Banking class 12 Notes Economics. CBSE quick revision note for class-12 Chemistry Physics Math\u2019s, Economics and other subject are very helpful to revise the whole syllabus during exam days. The revision notes covers all important formulas and concepts given in the chapter. Even if you wish to have an overview of a chapter, quick revision notes are here to do if for you. These notes will certainly save your time during stressful exam days.<\/p>\n<ul>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physics\/1251\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Physics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-chemistry\/1267\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Chemistry<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-mathematics\/1284\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Mathematics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-biology\/1298\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Biology<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-accountancy\/1315\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Accountancy<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-economics\/1327\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Economics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-business-studies\/1727\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Business Studies<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-computer-science\/1851\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Computer Science<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-informatics-practices\/1873\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Informatics Practices<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-english-core\/1855\/cbse-revision-notes\/7\/\">Revision Notes for class-12 English Core<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-history\/1869\/cbse-revision-notes\/7\/\">Revision Notes for class-12 History<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physical-education\/1877\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Physical Education<\/a><\/li>\n<\/ul>\n<p>To download Money and Banking class 12 Notes Economics sample paper for class 12 Physics, Chemistry, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT Money and Banking\u00a0, NCERT Exemplar Money and Banking\u00a0, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Sample Paper all are made available through\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\"><strong>the best app for CBSE students<\/strong><\/a>\u00a0and myCBSEguide website.<\/p>\n<ul>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/introduction-micro-economics-class-12-notes-economics\/\">Introduction to Micro Economics class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/consumers-equilibrium-demand-class-12-notes-economics\/\">Consumers Equilibrium &amp; Demand class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/producer-behaviour-supply-files-class-12-notes-economics\/\">Producer behaviour and Supply files class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/forms-market-price-determination-class-12-notes-economics\/\">Forms of Market and Price Determination class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/national-income-related-aggregate-class-12-notes-economics\/\">National Income and Related Aggregate class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/\">Money and Banking class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/determinations-income-employment-class-12-notes-economics\/\">Determinations of Income and Employment class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/government-budget-economy-class-12-notes-economics\/\">Government Budget and Economy class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\">Balance of Payment class 12 Notes Economics<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides accounting for partnership firm\u2019s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Class 12 &#8230; <a title=\"Money and Banking class 12 Notes Economics\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/\" aria-label=\"More on Money and Banking class 12 Notes Economics\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":9782,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,456],"tags":[457,150,650,655,426,240],"class_list":["post-9561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbse-class-12","category-revision-notes","tag-cbse-notes","tag-cbse-notes-and-key-points","tag-economics-notes","tag-money-and-banking","tag-quick-revision","tag-quick-revision-notes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Money and Banking class 12 Notes Economics | myCBSEguide<\/title>\n<meta name=\"description\" content=\"Money and Banking class 12 Notes Economics chapter 6 in PDF format for free download. 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