Page 135 - CT&AI_CLasa_7_Part_1
P. 135
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
Banks and the Magic of Finance 133
