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Social Science · 2025 · 3 marks
CBSE 2025 · Region 3 · Set 3 · Q28
Examine the importance of bank deposits.
Examine the importance of bank deposits.
Marking-scheme solution
(i) People can hold money is as deposits with banks.
(ii) Banks accept the deposits and also pay an amount as interest on the deposits.
(iii) In this way people’s money is safe with the banks and it earns an amount as interest.
(iv) People also have the provision to withdraw the money as and when they require.
(v) Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.
(vi) Promotes saving habits of the people.
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CBSE Class 10 Social Science past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.