Banking services

Banking services

Open Ended

What does a Bank do?

Definition of a Bank

The activities carried on by banks are called banking activities.

‘Banking’ as an activity involves acceptance of deposits and lending or investment of money

Multiple Choice

Banking activities involves ___________ & ___________

• Accepting deposits & lending money

• Only Accepting deposits

Poll

Do you think bank is an Aids to trade?

• Yes

• No

Role of Banking.

1. Encourages saving habits 

-It encourages saving habits amongst people

-and thereby makes funds

available for productive use. 

Multiple Choice

What does a bank do with our money?

• Keeps it in a bank

• lends to others for productive use

Multiple Choice

Bank acts as an Intermediary

• True

• False

Multiple Choice

If you have to pay a lot of money, how will you pay?

• Cash

• Cheque or card

Open Ended

Mr.Savio needs 10 lakh to start his business, who can help him?

Multiple Choice

If Nay purchases a laptop from USA he is ____________

• Importing

• Exporting

Multiple Choice

How does bank support with Nation Development?

• Only giving money to the rich

• Giving money to the poor

Multiple Choice

Our Standard of living increases by __________

• Using good quality products

• By not having a choice while purchasing