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Q&A HomeClass 7CBSESocial ScienceBanks and the magic of Finance
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Chapter 20

Banks and the magic of Finance

Social Science•Class 7•CBSE

67 Questions Available

Showing 20 questions on this page

41

How does the Unified Payments Interface make digital payments easier?

23 views0 helpful
42

What is the Reserve Bank of India, and what are its main functions?

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43

What is a stock exchange, and what happens there? Explain with reference to India.

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44

What is the significance of interest rates in banking?

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45

How do banks earn money from deposits and loans?

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46

What is a stock exchange?

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47

What is a current account used for?

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48

What is the role of banks in the economy?

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49

How do banks contribute to economic development?

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50

What is the role of a central bank?

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51

How do banks earn money?

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52

What are the benefits of the Pradhan Mantri Jan Dhan Yojana for different sections of Indian society?

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53

How do banks ensure the safety of deposits?

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54

How has UPI transformed digital payments in India, and what was the situation before its launch?

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55

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

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56

What is meant by financial literacy?

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57

What are the primary functions of banks?

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58

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

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59

What are the primary functions of banks in the financial system?

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60

When was UPI launched in India?

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