Question
How are banks useful to us ?

Answer

Banks are useful to us in the following ways :
$(1)$ It takes care of our savings. The money is safe in the custody of the banks.
$(2)$ If needed, the bank returns the money we have deposited in it.
$(3)$ Banks give us interest on the money we deposit and save.
$(4)$ If needed, a bank gives us loans for business.
$(5)$ A bank looks after our ornaments and valuables.
$(6)$ A bank accepts cheques for our light bills and telephone bills.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free