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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the primary function of banks?
💡 Hint: Think about what banks do with your money.
Question 2
Easy
Can you name the four functions of money?
💡 Hint: Use the acronym 'MMSD' to help remember.
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
What is a primary function of commercial banks?
- Accepting deposits
- Minting currency
- Regulating exchange rates
💡 Hint: Think about what most people do with their money in banks.
Question 2
The Reserve Bank of India is responsible for managing:
- True
- False
💡 Hint: Recall the roles of the central bank.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze the effects of the 2016 demonetisation on small businesses in urban areas.
💡 Hint: Consider how daily cash operations were affected.
Question 2
Design a plan for a new banking product aimed at promoting digital payments amidst the backdrop of previous demonetisation efforts.
💡 Hint: Think about why people might be motivated to use digital transactions.
Challenge and get performance evaluation