Digital banking questions for grade 7

What is digital banking?

• Using paper money only

• Managing money using a bank's online services

• Visiting a bank branch every day

• Only using cash for shopping

Which of the following is NOT a feature of digital banking?

• Online money transfers

• Checking account balance on a mobile app

• Printing money at home

• Paying bills online

What do you need to log in to your online banking account?

• A secret password or PIN

• Your phone number only

• Your school ID

• A written letter to the bank

A written letter to the bank

• Taking a loan from a bank

• Making payments directly from your bank account

• Printing money

• Earning interest from the bank

Which of these is a benefit of digital banking?

• You can access your account anytime.

• You must always visit a bank to withdraw cash.

• It only works during the day.

• You always need a banker’s approval to check your balance.

Which technology is commonly used to keep online banking secure?

• Passwords and OTP (One-Time Passwords)

• Sharing account details with everyone

• Writing down passwords in public places

• Using the same password for all accounts

Which of the following is an example of digital payment?

• Paying with cash at a shop

• Using a mobile wallet app to pay for food

• Giving a cheque to a friend

• Keeping money under your pillow

What should you NOT do while using online banking?

• Keep your passwords private

• Use strong passwords

• Share your banking details with strangers

• Log out after using an online banking app

What is an advantage of mobile banking apps?

• They help you manage money from anywhere

• They only work on computers

• They can be used without the internet

• They are only available at ATMs

What is the full form of ATM in banking?

• Automatic Transfer Machine

• All-Time Money

• Automated Teller Machine

• Account Transaction Method