Practice Lending Money - 5.3.A.2 | 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 loan?

💡 Hint: Consider what a bank provides to borrowers.

Question 2

Easy

Give an example of an overdraft.

💡 Hint: Think about a bank service that allows you to access more 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 is one function of a commercial bank?

  • Accepting Deposits
  • Selling groceries
  • Manufacturing products

💡 Hint: Think of what banks primarily do with customer funds.

Question 2

True or False: An overdraft allows you to withdraw less money than you have.

  • True
  • False

💡 Hint: Review what an overdraft entails.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You have a business that needs urgent cash due to unforeseen expenses. You have a cash credit facility with a bank. Discuss how you will utilize this facility and explain the alternative financing options.

💡 Hint: Think about how quickly you need the funds and what terms work best for you.

Question 2

Evaluate the effects of excessive reliance on overdraft facilities for individuals. What risks do they face?

💡 Hint: Consider how using overdrafts regularly could impact a budget.

Challenge and get performance evaluation