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Liabilities for any firm… (Class 12 Economics 2026, Q10)

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EconomicsCBSE Class 12 · Board exam 2026, set 58/5/1 · 1 mark · MCQ

CBSE Class 12 Economics 2026: question 10

Set in the CBSE Class 12 board exam of 2026, paper 58/5/1, section A, question 10, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q10 · 1 mark · MCQMoney and Banking

Liabilities for any firm are its debt/what it owes to others. Contrary to that, for a bank ___________ are the main liability. (Choose the correct option to fill in the blank)

  1. (A)loans
  2. (B)reserves
  3. (C)deposits
  4. (D)assets

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 58/5/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

Who can claim money back from the bank?

Hint 2

Loans given by a bank are its assets.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. A bank owes its depositors the money they have deposited; depositors can demand it back.

  2. So deposits are the main liability of a bank (loans and reserves are its assets). Option (C).

    1 mark

Answer: (C) deposits

Where the marks are

  • Deposits are the bank's main liability (1 mark)

Revise the chapter

  • Chapter: Money and Banking (notes, formulas, where marks are lost and every past question)
Practise this chapterBoard-style questions from Money and Banking, one at a time, marked against the answer key and marking points.Back to the full paper2026 board paper, set 58/5/1: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.