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The Business of Banking

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

One of the safest ways of saving money in modern times is .........

a)

in the bank

b)

in strong metal boxes

c)

in bags

d)

in kitchen

2.

Surbhi inherited a valuable necklace and needs a safe place to keep it when she isn't wearing it,

a)
checking account
b)
savings account
c)
safe deposit box
3.

Putting money into the bank is called a...

a)

deposit

b)

loan

c)

interest

d)

withdrawal

4.

A sum of money borrowed for a certain amount of time is called a....

a)

loan

b)

down payment

c)

interest

d)

borrow

5.
a)

Credit card

b)

signature

c)

ATM

d)

currency

6.

What is Profit?

a)

money earned

b)

money spent

c)

money borrowed

d)

money lent

7.

Tushar is going to college and will not be able to visit his home bank very often. He needs a way to access his money and track what he spends.

a)
personal loan
b)
debit card
c)
online banking
8.
Take out money.
a)
withdraw
b)
deposit
c)
cash
d)
cheque
9.

Money the bank pays you to keep your money in their bank.

a)

minimum balance

b)

checking account

c)

interest

d)

savings account

10.

Central Bank of india is :

a)

Reserve Bank Of India

b)

State Bank of India

c)

Central Bank of India

d)

Bank of india