G7-G8 FL-4

____ has the power to print and issue the currency notes and coins.

• Commercial Bank

• Reserve Bank of India (RBI)

• State Bank of India (SBI)

Mr. Kapoor took her family out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill that he paid three weeks later. Which card did he use?

• Debit Card

• Credit Card

• Can use both Debit or Credit Card

A PIN (Personal Identification Number) is required to make a purchase in ________.

• Debit Card

• Credit Card

• Both Debit & Credit Card

Payment Banks can accept deposits and provide loans.

• True

• False

Rahul purchased a movie ticket with his card. This money will come straight out of his saving account.

What card did he use?

• Debit card

• Credit Card

• Both Debit & Credit Card