Solutions of Money And Banking from Economics & Disaster Management : Class 9
Jammu and Kashmir Board Social Science Solutions from Chapter 1 - Money and Banking
The detailed solutions to all the exercises of Money And Banking from Economics & Disaster Management : Class 9 for 9th Jammu and Kashmir Board are provided here. The topics covered are such as Types Of Banks, Evolution Of Money and, Money As A Medium Of Exchange. Students can practice frequently asked questions from this chapter.
Practice Other Topics from Money and Banking
The topic describes money as a medium of exchange. It highlights the challenges related to other mediums of exchange with the help of examples. It also emphasises the ease with which the whole transaction process takes place with the use of money.
The topic elaborates on modern forms of money. It discusses money in the forms of currency like paper notes and coins, demand deposits with banks, and plastic money like debit and credit cards. It also tabulates the types of deposits in a bank.
The topic overviews the concept of banking and the common people. It explains the facilities provided by banks to its customers. It discusses saving accounts, deposits, basics of a cheque, including its format and sample.
This topic explains the types of banks. It informs about the classification of banks into four types, based on the nature of their activities. It includes commercial banks, central banks, cooperative banks, and specialised banks.
The topic discusses the loan and credit activities of a bank. It elaborates on the functioning of banks with the help of an example. It talks about the reserve ratio a bank must keep, the loan facility it offers, and the conditions linked to it.
Through this topic, we learn about the opening of a savings account in a bank. It discusses the process of opening a bank account. It describes each step, from beginning to end, involved in this procedure for easy understanding.
This topic elaborates on the deposition of money in a savings bank account. It highlights the steps of cash deposition in an account such as filling up the pay-in-slip, approaching the receipts counter, and taking and keeping the receipt.
This topic explores the procedure of withdrawing money from a savings account in a bank. It states the two procedures by which we can withdraw cash. It explains cash withdrawal through visiting the bank branch and using an automated teller machine.
This topic explains the role of post offices in savings. Post office bank is the oldest and largest banking system in the country. It serves the investment need of both urban and rural areas. It also discusses various post office savings schemes.
