Revision Notes for CBSE Class 12 Macro Economics Chapter 3 - Free PDF Download





















FAQs on Money and Banking Class 12 Notes CBSE Macro Economics Chapter 3 (Free PDF Download)
1. What is the Cash Reserve Ratio (CRR)?
In Class 12 Economics Chapter Money And Banking Notes, Cash Reserve Ratio (CRR) refers to the minimum ratio of deposit legally needed to be kept as cash by banks.
2. What is Flat Money?
Flat Money refers to the currency that a government has considered to be a legal tender.
3. Why Should You Refer to Class 12 Macroeconomics Chapter 3 Notes by Vedantu?
The reasons for choosing Class 12 Chapter 3 Notes by Vedantu include:
Money and Banking class 12 Notes are available in PDF format on the official website of Vedantu which can be easily accessed.
Macroeconomics Class 12 Chapter 3 is one of the most high-scoring chapters in Economics. Class 12 Economics Chapter 3 Notes are prepared in such a way which will assist the students to grab the maximum of it.
Chapter 3 Macroeconomics Class 12 Notes consists of several mock tests and question answers which will definitely help you understand the chapter to score good marks in the exam.
Macroeconomics Class 12 Chapter 3 Notes are entirely free of cost and are prepared by the experienced professors of Vedantu.
4. What is the Statutory Liquidity Ratio?
Statutory liquidity ratio or SLR is the minimum percentage of the total deposit that banks have to keep with themselves in the form of liquid cash, securities, or gold. The rate of SLR is fixed by the Reserve Bank of India (RBI). This reserve is kept by the bank themselves and not with the RBI. The banks must keep this reserved before giving out credits to the borrowers. For further explanation and examples of NCERT related to Statutory liquidity ratio, you can visit the page NCERT notes for Class 12 Macroeconomics.
5. What are the functions of the central bank in India?
The central bank of India is an important organ of government that takes some of the most crucial financial decisions to improve the conditions of financial institutions and support the country's economy. Some of the most prominent functions of the central bank of India are as follows; bank of issue and regulator of currency, banker, agent, and financial advisor to the government, management and custodian of Foreign Exchange Reserve, clearinghouse, lender of last resort, protection of depositor’s interest.
6. Is Class 12 Macroeconomics chapter 3 difficult to study?
Chapter 3 of macroeconomics is important from the examination point of view. But the chapter is not difficult as compared to other chapters in the book. The chapter is mostly theory-based with few numerical. Chapter 3, Money and Banking talks about the role of money and systems of banking. It also talks about the roles, functions of the central bank and how money transactions take place in banks. You can visit NCERT notes for Class 12 Macroeconomics and download the notes PDF free of cost.
7. How are NCERT solutions helpful for studying Class 12 Macroeconomics Chapter 3?
NCERT solutions from Vedantu include all the study material that is required by the students to prepare for examinations. These NCERT solutions are available on the website as well as the vedantu app. You can find extra questions for practice, important topics, NCERT solutions to exercises related to Chapter 3- Money And Banking. It also explains the transaction of money under the banking system with the help of diagrams and flowcharts. You can also go through revision notes that are available in NCERT solutions for a quick review of the chapter before exams.
8. What is the weightage of Class 12 Macroeconomics Chapter 3?
The net weightage of chapter 3, Money and Banking is 8 marks. Although the chapter carries fewer marks, there is a 5 marker question and 3 one marker questions from this chapter. If you are well versed with the chapter these 8 marks are very easy to secure in the board examination. The chapter is not at all lengthy and you can learn and revise it pretty quickly if the chapter piques your interest.