Chapter 8: Banks and the Magic of Finance
Worksheet – Chapter 8: Banks and the Magic of Finance A. Multiple Choice Questions (MCQs) Financial infrastructure helps people and organizations to: a) Build roads b) Manage and transfer money c) Grow crops d) Manufacture goods Which institution regulates banks in India? a) Parliament b) RBI c) Supreme Court d) Stock Exchange Which account usually gives a higher interest rate? a) Savings Account b) Current Account c) Fixed Deposit Account d) Salary Account UPI stands for: a) Universal Payment Interface b) Unified Payment Interface c) United Payment Interface d) Unique Payment Interface Which payment method uses a QR code? a) Cheque b) Cash c) UPI d) Withdrawal Slip Which account is mainly used by businesses? a) Savings Account b) Current Account c) Fixed Deposit Account d) Joint Account A share represents: a) Full ownership of a company b) Part ownership of a company c) Loan from a bank d) Tax payment The stock market helps companies to: a) Build roads b) Raise money c) Print cur...