Saving and Insurance
NIOS · Class 10 · Economics
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Quick Quiz: Saving and Insurance
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What is the formula for saving in this chapter?
A person earns Rs. 1000 and saves Rs. 200. What is consumption?
What was Mr. X's total saving for the last year?
Why is saving calculated for the whole accounting year in this chapter?
Sample Questions
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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