Practice Functions of a Commercial Bank - 5.3 | 5. Banking | ICSE Class 9 Commercial Studies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is a savings account?

💡 Hint: Think of an account that you can use to save money.

Question 2

Easy

What does an overdraft facility allow?

💡 Hint: Consider how it helps when you need funds temporarily.

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 type of account typically offers no interest?

  • Savings Account
  • Current Account
  • Fixed Deposit

💡 Hint: Think about each account's purpose.

Question 2

True or False: Fixed deposits generally provide lower interest than savings accounts.

  • True
  • False

💡 Hint: Consider which account is aimed at encouraging long-term savings.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Design a community program that encourages savings among youth using the features of different bank accounts.

💡 Hint: Consider the benefits of each type of account and how you can inspire young people to save.

Question 2

Analyze the economic impact of banks providing overdraft facilities to small businesses.

💡 Hint: Think about how businesses benefit from speed and flexibility in their financial dealings.

Challenge and get performance evaluation