Saving and Insurance — Important Questions
NIOS · Class 10 · Economics
62 important questions from Saving and Insurance for NIOS Class 10 Economics, with answers. Written for the board exams 2027.
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Important Questions from Saving and Insurance
What is the main use of saving for future life?
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It acts as a kind of security for future
Saving provides money that can be used in future when needed.
Which institution allows an individual to open a saving account with a minimum deposit of Rs. 50?
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Post Office Savings Bank
A post office saving account can be opened with a minimum deposit of Rs. 50.
What minimum balance must be left in a post office savings account after withdrawal?
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Rs. 50
A post office savings account requires a minimum balance of Rs. 50 after withdrawal.
What minimum balance is needed in a post office account to issue a cheque book?
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Rs. 500
A minimum balance of Rs. 500 must be kept to issue a cheque book in a post office account.
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