Hi Everyone!! This article will share Bank Our Need Questions & Answers.
In my previous posts, I have shared the questions and answers of Raja Birbal, Child and Grandma and The Elves and The Shoemaker so, you can check these posts as well.
Bank Our Need Questions & Answers
Question 1: What is a bank?
Answer: A bank is a safe place where we can save our money. It receives money from those who want to save it and lends money on interest to those who need it.
Question 2: How can we withdraw money on a holiday?
Answer: On a holiday, we can withdraw money by using an ATM card. We can also use credit card that the bank issues to transfer money.
Question 3: Why should we deposit money in the bank?
Answer: We should deposit money in the bank because our money is always safe there. Also, a bank pays us some extra money called interest for our deposit.
Question 4: What is ATM card?
Answer: ATM card is a card that is used to withdraw money at any time even when the bank is not working.
Question 5: How does bank remember all the transactions?
Answer: Every bank has computers which keep all the records of the transactions. Whenever, we deposit or withdraw money, the employees of the bank maintain a record of all the withdrawals and deposits in the computer.
Question 6: How can we withdraw money from a bank?
Answer: The bank issues us a cheque book. We can withdraw money using a cheque leaf, withdrawal slip or ATM card.
Question 7: Which things can be kept in the locker?
Answer: We can keep our valuables like jewellery, important papers etc. in the locker.
Question 8: What is needed to open an account?
Answer: To open an account, we need to provide to the bank our identity proof like the Aadhar card and latest photograph.
Question 9: Fill in the blanks:
1. A bank is a safe place to deposit our money.
2. The extra money paid by bank on deposits is called interest.
3. Pass book is issued by the bank.
4. Aman’s father has paid the electricity bill by using net banking facility.
5. Bank lends money to the needy people.
6. We can do purchasing by using credit cards too.
Question 10: Write True or False for the following statements:
1. Bank keeps our money safe – True
2. ATM card cannot be used on a holiday – False
3. We can use cheques for making payment – True
4. Pass book keeps one’s record of transactions – True
5. We cannot take personal locker in a bank – False
Question 11: Who said the following?
1. “I am very busy today”.
Answer: Aman’s father said this.
2. “Today is the last date”
Answer: Aman’s mother said this statement.
3. “Oh! What is net banking facility?”
Answer: Aman said this.
4. “How can we withdraw money?”
Answer: Aman said this.
So, these were the Questions & Answers.