Page 20 - Demo

2012Banking on BanksAbankisafinancialinstitutionthatprovidesfinancialservices,suchaswealthmanagement,currency exchange, etc. Apart from this, banks do many more tasks.Let us see how much you know about banks. Fill in the blanks with the help of the Clue Box.1.................................... are also known as plastic money.2.The full form of ATM is ................................... .3.In ..................................., the bank allows us to withdraw more money than there is in our account.4.EMI is the ................................... we have to pay to the bank towards the loan we take.5.In a ................................... account, we can deposit or withdraw money as and when desired.%u0009 6.%u0009 Ina...................................account,wecandepositafixedamountofmoneyforafixedperiodoftime.%u0009 7.%u0009 Ina...................................account,wehavetodepositafixedamountofmoneyevery month.8.A ................................... account is shared by two or more persons.9.The ................................... issues guidelines to all the other banks in India.10.Under the government%u2019s Jan Dhan Yojna, people can open their bank accounts anywhere in ................................... .%u0009 11.%u0009 ...................................wasthefirstbanktointroduceATMinIndia.12.There are thirty-four ................................... banks in India.13.................................... is the founder of Reserve Bank of India.14.................................... is an account into which you deposit a sum of money and agreetokeepitthereforaspecifiedlengthoftime.The Indian rupee sign (`) has been designed by IIT Bombay post-graduate Udaya Kumar who is also a professor at IIT, Guwahati. This sign has given a distinct identity to the Indian rupee.File-O-FactCertificate of deposit, Equated Monthly Installment, foreign, Fixed Deposit, Reserve Bank of India, Credit Cards, HSBC, overdraft, India, Savings, Recurring Deposit, joint, Automated Teller Machine, British RajClue Box