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Syllabus

Banking — Syllabus

Telangana Open School (TOSS) · Class 12 · Economics

What Banking covers in Telangana Open School (TOSS) Class 12 Economics: 4 topics, for the 2026-27 session. Topics include Concept and Definitions.

44 questions30 flashcards5 concepts

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4 Topics · Telangana Open School (TOSS) Class 12 Economics · 2026-27

Topics in Banking

1

Concept and Definitions of Banking

  • The word 'banking' comes from the Greek word 'banque', meaning bench.
  • In ancient times, temples were used as depositories for money and lending.
  • Modern banking began in the 19th century with the development of commercial banks.
2

Functions of Commercial Banks

  • Accepting deposits: Current, Savings, Fixed, and Recurring deposits.
  • Providing loans and advances: Demand loans, short-term loans, cash credit, overdraft, bill discounting, and credit cards.
  • Credit creation: Banks create money by lending more than their cash reserves.
3

Net Banking and Digital Services

  • Net banking allows customers to perform banking transactions online via internet or mobile apps.
  • Services include fund transfer, bill payment, account statements, and online shopping.
  • Examples: NEFT, RTGS, ECS, mobile banking.
4

Reserve Bank of India (RBI)

  • Established on April 1, 1935, nationalized in 1949.
  • Objectives: Monetary stability, price stability, regulating credit, and financial supervision.
  • Functions: Issue of currency, banker to government, banker’s bank, lender of last resort, clearing house, custodian of forex, credit control.

Key Concepts

Central concept: Banking

Commercial BanksReserve Bank of IndiaTypes of DepositsTypes of Loans and AdvancesNet BankingFunctions of Commercial BanksFunctions of RBI

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Frequently Asked Questions

What are the important topics in Banking for Telangana Open School (TOSS) Class 12 Economics?
Key topics in Banking include Concept and Definitions of Banking, Functions of Commercial Banks, Net Banking and Digital Services, Reserve Bank of India (RBI). Study these first, then practise questions on each for the Telangana Open School (TOSS) Class 12 board exam.
How should I revise Banking for the Telangana Open School (TOSS) Class 12 board exam?
Learn the core ideas first, then work through the 44 practice questions on Banking. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Banking

All Telangana Open School (TOSS) Class 12 Economics Syllabus

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