Practice Other Services - 5.6.5 | 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 is the purpose of a safe deposit locker?

💡 Hint: Think about the security of your valuables.

Question 2

Easy

Name one function of online banking.

💡 Hint: Consider what you can do without visiting the bank.

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 of the following is NOT an additional service offered by banks?

  • Safe Deposit Lockers
  • Providing Loans
  • Online Banking

💡 Hint: Consider which services are standard for banks.

Question 2

True or False: Mobile banking allows transactions from your smartphone.

  • True
  • False

💡 Hint: Think about your phone's capabilities.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Create a case study in which a customer utilizes both safe deposit lockers and online banking. Outline their experience and how each service benefited their financial management.

💡 Hint: Focus on how the two services complement each other.

Question 2

Evaluate the advantages of adopting mobile banking for a small business owner. What factors should they consider before implementation?

💡 Hint: Think about the daily operations of a business.

Challenge and get performance evaluation