Questions and Answers
What is highlighted as a benefit of having a bank account?
Potential for growth through interest rates
Which type of account is specifically mentioned as one of the available account types?
DEMAT account
What is the purpose of a withdrawal slip?
Withdraw cash from the account
What are the limitations of a withdrawal slip?
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What is the key difference between a cheque and a demand draft?
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How does filling out a banking form benefit the customer?
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What is the purpose of the 'Bank Account Match-Up' activity?
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What does each student receive in the 'Bank Account Match-Up' activity?
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How are students instructed to find their matches in the 'Bank Account Match-Up' activity?
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What is introduced as a follow-up after the 'Bank Account Match-Up' activity?
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How many types of bank accounts were initially available in India according to the text?
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What led to the introduction of new types of bank accounts in India?
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What type of bank account involves depositing a fixed amount for a specific period at a fixed interest rate, providing higher returns?
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Which bank account is primarily designed for individuals to save money, earn interest, and make limited withdrawals?
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Which type of bank account is ideal for business transactions, allowing unlimited withdrawals and no or minimal interest?
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What bank account requires regular deposits of a fixed amount for a predetermined period, with interest accrued?
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Which account type holds shares and securities in electronic form, facilitating easy trading and safekeeping of investments?
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Which type of bank account is more suitable for professional or official purposes due to its formality?
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