NCERT, JKBOSE Free Solutions

  MONEY AND BANKING (Chapter 1) Notes MONEY AS A MEDIUM OF EXCHANGE: A person having money can easily exchange it for any other commodity, goods or service that he or she wants. The word “money’ generates a lot of interest. As a buyer, we pay money to buy goods and services and as a seller, we receive money by selling them.As human beings we all have basic needs like food, shelter, clothes etc. Along with these basic needs we have multiplicity of wants. Take the case of a clothes merchant. He wants to sell Clothes and buy Rice. The clothes merchant will first exchange Clothes to sell for money and then exchange the money for Rice. However to obtain money , first he has to find a rice growing farmer who is willing to sell him rice. Imagine how much more difficult it would be for the cloth merchant if he had to exchange clothes directly for Rice without the use of Money. He would have to find a rice growing farmer who would be willing to sell him rice in exchange for clothes. To put ...

M EDIEVAL HISTORY OF JAMMU & KASHMIR AND LADAKH (Notes) MEDIEVAL KASHMIR Rinchana, a Ladakhi prince declared himself the ruler of Kashmir in 1320. He embraced Islam under the influence of Sayyid Sharif-u-Din, a Sufi saint, popularly know Balbul Shah, adopted the name Sadr-ud-Din and became the first Muslim Ruler of Kashmir. Following the death of Rinchana, his widow Kota Rani married Udayanadeva, who was declared as king. After the death of Udayanadeva, Kota Rani herself became the ruler. However, Shah Mir Defeated her in 1339 CE, and ascended the throne under the name of Sultan Shams-ud-Din Shahmir and laid foundation of Sultanate in Kashmir. The Shahmiri rule lasted upto 1540 CE. The illustrious ruler of Shahmiri dynasty was Zain-ul-Abidin (1420-1470 CE) popularly known as Budshah (the great Sultan). Arts and Crafts   Zain-ul-Abidin revived the existing crafts and introduced some new ones including carpet weaving, paper making, book binding, silk weaving and paper machie. He ...

  MONEY AND BANKING (EXERCISES) A. Fill in the blanks: i. ---------------------------issues currency notes on behalf of the Central Government. Answer: Central Bank. ii. Banks charge a higher interest rate on loans than what they offer on -------------------- Answer: Deposits. iii. ----------------------- is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender. Answer: Collateral. iv. A ------------------------- is the simplest form of bank account which can be opened by any individual for encouraging savings. Answer: Saving Bank Account.  v. The most common form of payments being made instead of cash is a bank instrument called a ----------------. Answer: Cheque. vi. This is also called a "remotely created check,----------------------. Answer: Demand Draft. B. One word Answers:  i. The central bank of India, ……………………… Answer: Reserve Bank of India (RBI). ii. One nationalized Bank of India , …………………………… Answer: Jammu &...

  The Integration of Princely States: A Case Study of Jammu and Kashmir  In 1947, the British rule ended with the creation of two ascendencies - India and Pakistan. According to the Indian Independence Act 1947, the British  suzerainty over Indian States lapsed and with it all the treaties and agreements came to an end. The princely states were at liberty to choose  either to accede to India or Pakistan or to remain  independent. Most of the rulers acceded to either  of  the two dominions. However, the ruler of  Jammu and Kashmir was in a fix and could not  decide the future course of J&K within the stipulated time. Several causes were responsible for this delay. The supplies of all important commodities to Jammu and Kashmir were made  through the territory of Western Punjab, now in  Pakistan. The banking and Postal system of the state was also linked with Lahore. Since the time of Maharaja Ranbir Singh, all the educational...

Chapter 10:   Structures of the Governance in Jammu and Kashmir (Exercise) 1. ANSWER THE FOLLOWING QUESTIONS IN BRIEF I. In how many Union Territories and States, India is divided into? Answer:- After the re-organization of Jammu and Kashmir on 9th of August 2019, that came into effect from 31st October 2019, the state was divided into two Union Territories- Ladakh (without legislative assembly) and Jammu & Kashmir (with legislative assembly) making the total number of states  28 where as that of Union Territories to 8. (As on October 2021).   The eight UTs are:   Andaman and Nicobar Islands.  Chandigarh  Dadra and Nagar Haveli and Daman and Diu  Delhi  Ladakh  Lakshadweep   Jammu and Kashmir  Puducherry II. How Lieutenant Governor is appointed? Answer:- Union Territory is administered by the Lieutenant Governor. He is appointed by the President of India on the recommendation of Prime Minister and his Cabinet. III. What a...