Practice Primary Functions - 5.3.A | 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 type of account earns interest while allowing customers to save money?

💡 Hint: Think about accounts focused on saving.

Question 2

Easy

What function does a current account serve?

💡 Hint: Consider accounts used daily.

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 earns interest on deposits?

  • Current Account
  • Savings Account
  • Overdraft

💡 Hint: Focus on accounts that promote saving.

Question 2

True or False: A current account generally earns interest.

  • True
  • False

💡 Hint: Recall the characteristics of current accounts.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

If a customer has a savings account with a 4% interest rate and deposits $5,000, how much will they have after 2 years?

💡 Hint: Use the formula for compound interest.

Question 2

Discuss the impacts of banks providing loans on local businesses and community development.

💡 Hint: Think about the economic cycle and how businesses contribute to it.

Challenge and get performance evaluation