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What does the RBI do?
Explain what shares are and how the stock market functions as a platform for buying and selling them.
What type of account is a savings account?
What is a fixed deposit account?
What is compounding?
How do banks make money? Explain with an example.
What is a passbook?
How do banks earn profit?
Match the financial institutions in Column A with their corresponding functions in Column B.
|
Column A |
Column B |
|
1. Reserve Bank of India |
(a) Supports rural development and funds banks for farming and the village industries |
|
2. NABARD |
(b) Provides savings schemes like NSC and kisan Vikas Patra |
|
3. Post offices |
(c) Market place where financial securities like stock are traded |
|
4. Stock Exchange |
(d) Supervises Indian banking system issue currency notes |
|
5. NPCI |
(e) Launched UPI in 2016 for digital payments |
How does a debit card work at a POS machine?
What services do banks typically offer?
What is a stock exchange, and what happens there? Explain with reference to India.
What is a payment system?
What factors affect share prices in the stock market?
What is a loan?
Describe the three types of bank accounts.
What is a savings account, and what are its main features?
What is a cheque and how does it work for transferring money?
How does compounding help money grow over time?
What is a stock exchange?