Practice Accepting Deposits - 5.6.1 | 5. Money and Banking – Basic Concepts | ICSE Class 10 Economic Applications
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What are the three types of deposits a bank accepts?

💡 Hint: Think about the ways people save money.

Question 2

Easy

Which type of deposit typically does not earn interest?

💡 Hint: Consider the purpose of a business account.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

Which account type typically offers the highest interest?

  • Savings Account
  • Current Account
  • Fixed Deposit

💡 Hint: Consider which account type restricts access to capital for a period.

Question 2

True or False: Current deposits usually earn interest.

  • True
  • False

💡 Hint: Think about the purpose of a business checking account.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A small business owner has $10,000 in a current deposit and $5,000 in a fixed deposit. They want to buy equipment that costs $12,000. Discuss how they can manage their deposits to achieve this goal.

💡 Hint: Think about which accounts offer liquidity.

Question 2

Create a scenario where a customer shifts funds from a savings account to a fixed deposit. Explain why this might be a strategic financial decision.

💡 Hint: Focus on benefits of locking funds for a period.

Challenge and get performance evaluation