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

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1. In case of digital fraud, one should

Question 1 of 20

2. Which number is used to report cyber fraud?

Question 2 of 20

3. Which practice is unsafe in digital banking?

Question 3 of 20

4. Financial infrastructure helps by

Question 4 of 20

5. Which is NOT a part of financial infrastructure?

Question 5 of 20

6. Which institution offers NSC and savings schemes?

Question 6 of 20

7. Fixed deposits are usually for

Question 7 of 20

8. Current accounts are mainly used by

Question 8 of 20

9. Which account usually does not earn interest?

Question 9 of 20

10. Digital payments reduce the need for

Question 10 of 20

11. Cheques require

Question 11 of 20

12. QR codes are mainly used in

Question 12 of 20

13. Financial savings help in

Question 13 of 20

14. Loans help businesses to

Question 14 of 20

15. Benchmark interest rates are fixed by

Question 15 of 20

16. Digital banking safety includes

Question 16 of 20

17. Stock markets help companies to

Question 17 of 20

18. Investments are made to

Question 18 of 20

19. Using UPI reduces the need for

Question 19 of 20

20. Financial infrastructure ultimately helps in

Question 20 of 20


 

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