Business Std JSS2 3rd Term Recision

What is the main role of a bank?

• To sell groceries

• To store and manage money for individuals and businesses

• To provide medical services

• To manufacture goods

Which service is commonly offered by banks?

• Cooking meals

• Issuing loans and mortgages

• Selling clothes

• Teaching classes

What is an interest rate?

• Fee for opening an account

• Percentage charged on loans or earned on savings

• Number of bank branches

• Bank's daily working hours

What can you do at an ATM (Automated Teller Machine)?

• Cook food

• Withdraw and deposit money, check balances

• Make calls

• Watch movies

Which account is used for everyday financial transactions?

• Fixed deposit account

• Current (or checking) account

• Retirement account

• Foreign currency account

What is a key trait of a successful entrepreneur?

• Laziness

• Risk-taking

• Avoiding challenges

• Disinterest in learning

Why is creativity vital for an entrepreneur?

• It helps copy others

• It leads to innovative products and ideas

• Guarantees success without effort

• Avoids risk-taking

Which trait helps entrepreneurs push through challenges?

• Patience

• Resilience

• Inconsistency

• Indecisiveness

How does effective communication help entrepreneurs?

• Confuses the team

• Clearly shares ideas and motivates others

• Hinders relationships

• Promotes working alone

Why is adaptability important in business?

• Encourages sticking to old plans

• Helps adjust to new challenges and markets

• Avoids product changes

• Ignores customer feedback