Money and credit

Multiple Select

Which among the following are examples of modern money ?

• Paper notes

• Coins

• Demand draft

• cheque

LO

Differentiate between cheque and demand draft.

Some text here about the topic of discussion

Video

Poll

How many of you have a bank account ?

• Yes, I have a bank account .

• No, I do not have.

Multiple Choice

Assertion: Banks in India hold about 15 per cent of their deposits as cash.

Reason: Banks use this money to people as credit.

• Both assertion and reason are true, reason is correct explanation of assertion.

• Both assertion and reason are true, but reason is not a correct to explain the assertion.

• Assertion is true but reason is false.

• Assertion is false, but reason is true.

How to use credit cards without falling into the debt trap ?

Multiple Choice

Why does bank use the major portion of the deposits ?

• Keep it as reserve with the RBI

• Keep it with themselves

• Setting up new branches

• extend loans

Multiple Select

Which among the following are the functions of a bank?

• Keep money in safe custody

• Grant loans to people

• Increase the savings and give interest.

• Support agriculture, industry etc

Multiple Choice

Choose the incorrect statement on credit

• Helps people to set up business & other ventures

• Credit may cause, pushing a person into a debt trap.

• Helps to increase production that helps for national income

• Credit is a trap always