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    social studies

                                                                             Banks and the

                                     8                                    Magic of Finance

                                               computational thinking quest
                                               computational thinking quest

                    Tick ( ) the correct option.
                                                                                    (c)  Savings = interest + limited
                    AbsTrAcT Thinking                                                  withdrawals, Current = no interest
                      1.  Which abstract inference best explains the                   + unlimited transactions, FD = fixed
                         role of RBI in financial stability?                           period + higher interest
                                (a)  RBI replaces all banks in                      (d)  All accounts restrict withdrawals
                                   transactions.                                       equally
                                (b)  RBI acts as a central authority      4.  What pattern is observed in the rise and fall
                                   ensuring trust, regulation, and           of share prices?
                                   money control.                                   (a)  Prices  remain constant regardless

                                (c)  RBI only prints money without                     of performance.
                                   supervision.                                     (b)  Prices depend only on government
                                (d)  RBI eliminates financial risks                    decisions.
                                   completely.                                      (c)  Prices rise with demand and
                      2.  Which abstract conclusion explains the                       performance, fall with losses and
                         importance of maintaining financial records                   uncertainty.
                         like passbooks?                                            (d)  Prices increase only during crises.
                                (a)  They are only useful for banks
                                                                          5.  Observe the given picture of
                                (b)  They eliminate the need for             an ATM machine. Identify the
                                   transactions                              correct sequence of steps
                                (c)  They ensure accountability,             during an ATM transaction.
                                   tracking, and financial discipline
                                                                                    (a)  Card slot  → Cash
                                (d)  They increase expenses                            dispenser → Screen → Keypad

                    PattErn rECOgnItIOn                                             (b)  Screen → Card slot → Enter PIN on
                                                                                       keypad → Cash dispenser.
                      3.  Identify the pattern in how different types of
                                                                                    (c)  Insert card → Enter PIN using
                         bank accounts serve users.
                                                                                       keypad → Select amount on
                                (a)  All accounts provide equal interest               screen → Collect cash from
                                   and withdrawal limits.                              dispenser

                                (b)  Savings = frequent transactions,               (d)  Collect cash → Insert card → Enter
                                                                                       PIN → Exit
                                   Current = long-term saving

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