Net Banking and Banks and Money leaders and Micro Finance
Interactive Video
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Business
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10th Grade - University
•
Hard
Wayground Content
FREE Resource
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main advantages of net banking?
It allows for online fund transfers and bill payments.
It requires visiting a bank branch.
It does not require internet access.
It is only available during bank hours.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did money lenders traditionally operate?
By accepting deposits from the public.
By providing government-backed loans.
By lending money informally with high interest rates.
By offering online banking services.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key difference between banks and money lenders?
Banks do not require collateral.
Money lenders offer larger loan amounts.
Money lenders provide savings accounts.
Banks are regulated by a central authority.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do banks typically ensure loan security?
By offering loans without any documentation.
By requiring collateral from borrowers.
By charging higher interest rates.
By providing immediate loan approval.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of borrowing from money lenders?
High interest rates and lack of regulation.
Availability of savings accounts.
Access to government-backed loans.
Improved credit score.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristic of microfinance?
It is only available in urban areas.
It includes microloans and micro savings accounts.
It provides financial services to high-income individuals.
It offers large, long-term loans.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge does microfinance face?
Low interest rates compared to traditional banks.
High operational costs and low loan recovery rates.
Excessive government regulation.
Limited availability of funds.
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