Banking — Important Questions
ICSE · Class 9 · Commercial Studies
67 important questions from Banking for ICSE Class 9 Commercial Studies, with answers. Includes multiple choice, multiple correct and true false questions.
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Important Questions from Banking
What is the chief of the central bank called?
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Governor
The chief of the central bank is called the Governor.
Which bank account is generally opened for businessmen and firms?
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Current deposit account
Current accounts are generally opened by businessmen and firms for frequent transactions.
Which deposit account is meant to encourage savings among people?
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Savings deposit account
A savings account is meant to cultivate the habit of saving.
Which of the following usually earns no interest?
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Current deposits
No interest is generally allowed on current deposits; instead, bank charges may be levied.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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