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Chapter 20

Banks and the magic of Finance

Social ScienceClass 7CBSE

67 Questions Available

Showing 20 questions on this page

1

What is the Pradhan Mantri Jan Dhan Yojana and what are its benefits?

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2

What was the purpose of the Pradhan Mantri Jan Dhan Yojana launched in 2014?

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3

What was the purpose of the Pradhan Mantri Jan Dhan Yojana launched in 2014?

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4

What is a stock market crash?

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5

What role do banks play in economic development?

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6

What is financial infrastructure, and what role does it play in the economy?

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7

Explain the difference between debit and credit in a bank passbook.

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8

Explain how compound interest works with an example.

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9

What are deposits?

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10

What is a bank, and what are its two main functions?

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11

Describe how banks function as intermediaries between depositors and borrowers, using the example of Navdeep and Rima.

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12

How does UPI work? Explain with an example.

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13

What services do banks typically offer?

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14

Explain what shares are and how the stock market functions as a platform for buying and selling them.

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15

What is financial infrastructure?

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16

What is a share?

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17

What factors can cause share prices to rise or fall in the stock market?

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18

What is UPI and how does it work? Explain its benefits.

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19

How can people prevent financial fraud?

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20

Explain the concept of compound interest with an example.

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