Banking and Credit — Important Questions
NIOS · Class 10 · Economics
71 important questions from Banking and Credit for NIOS Class 10 Economics, with answers. Written for the board exams 2027.
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Important Questions from Banking and Credit
Which are the two primary functions of a bank?
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Accepting deposits from public, Giving loans
The two primary functions of a bank are accepting deposits and giving loans.
What is one use of a cheque book issued by a bank?
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Withdrawing money and making payments through the bank
Cheque books are used by depositors to withdraw money and make payments through the bank.
Which items are suitable for a bank locker?
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Jewellery, Property documents
Banks keep valuables such as jewellery and property documents safely in lockers.
What is credit?
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The claim to receive payments
Credit is defined as the claim to receive payments.
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