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Worksheets

Savings

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

Savings is the act of putting money or valuables aside for

a)

our parent

b)

Future use

c)

Our school fees

d)

Now use

2.

One of the most common way of saving in modern times is

a)

In the shelf

b)

In the hole

c)

In the bank

d)

Anywhere

3.

Apart from money, we can also save valuable documents and items in the bank

a)

True

b)

False

c)

Maybe

d)

Never

4.

Things that are saved in the bank are called

a)

Interest

b)

Loan

c)

Funds

d)

Deposits

5.

Money saved in the bank generates ______ for the owners

a)

Funds

b)

deposit

c)

Loan

d)

Interest

6.

Apart from saving money, a customer can also borrow money from the bank in form of _____

a)

Loan

b)

Deposit

c)

Interest

d)

Paper

7.

The apex bank in Nigeria is

a)

Development bank

b)

Community bank

c)

Central bank of Nigeria

d)

Merchant bank

8.

The CBN was established in what year?

a)

1957

b)

1958

c)

1959

d)

1969

9.

Which of the following is a privately owned bank?

a)

Merchant bank

b)

Commercial bank

c)

Community bank

d)

Development bank

10.

Which of the following is not an example of commercial bank in Nigeria?

a)

GT bank

b)

Eco bank

c)

Stanbic IBTC bank

d)

Development bank

11.

Which of the following bank can only be found in one community?

a)

Merchant bank

b)

Savings bank

c)

Community bank

d)

Commercial bank

12.

Saving money in the bank also enable us to obtain loans from the bank

a)

True

b)

False

c)

never

13.

We save our money so that we can use them later in the future

a)

TRUE

b)

FALSE

c)

NEVER

14.

Which of these banks is majorly set up by the government to help people earning salaries?

a)

Merchant bankS

b)

Development bankS

c)

Savings bankS

d)

Commercial banks

15.

Which of these banks is in charge of printing and distribution of money in Nigeria?

a)

Commercial banks

b)

The Central Bank of Nigeria

c)

Development banks

d)

Merchant banks

16.

What is the name of your school?

(a)  

17.

What class are you?

(a)  

18.

What is your name?

4 lines