MCQ Chapter 8 Banks and the Magic of Finance Class 7 Social Science

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1. Which payment method uses paper to transfer money?

Question 1 of 20

2. Which electronic method allows instant money transfer?

Question 2 of 20

3. Debit cards can be used to

Question 3 of 20

4. ATM stands for

Question 4 of 20

5. To use an ATM, one must enter

Question 5 of 20

6. POS machines are used for

Question 6 of 20

7. Internet banking allows users to

Question 7 of 20

8. UPI was launched by

Question 8 of 20

9. UPI uses which tool for quick payment?

Question 9 of 20

10. During which period did UPI usage rise sharply?

Question 10 of 20

11. Buying a share makes a person

Question 11 of 20

12. A collection of shares is called

Question 12 of 20

13. Shares are bought and sold at a

Question 13 of 20

14. India’s oldest stock exchange is

Question 14 of 20

15. Rise in prices of many shares causes

Question 15 of 20

16. Fall in prices of many shares leads to

Question 16 of 20

17. Which factor affects share prices?

Question 17 of 20

18. Sudden events harming the economy are called

Question 18 of 20

19. Digital fraud often involves stealing

Question 19 of 20

20. OTP stands for

Question 20 of 20


 

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