Download App

Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit3 Marks
Question
State any three advantages of an ATM.
✓

Answer

  1. ATM is a provision called the Automated Teller Machine.
  2. In case of an ATM, direct interaction with the bank is not required.
  3. Money can be withdrawn from the ATM during the entire twenty-four hours in a day, whereas banks close their public dealings at a particular time, binding the depositor to come within that stipulated period.

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

Explore more

More "SHORT ANSWER QUESTIONS(3 Mark)" from Unit 4 Ch 3 : Money and Credit→Unit 4 Ch 3 : Money and Credit — all question types→Social Studies STD 10 question papers→CBSE Board STD 10 question papers→CBSE Board question paper generator→

Similar questions

How does democracy stand better to any other form of government in promoting the dignity and freedom of the citizens? Explain with examples.
→
Mention any three efforts made by Gandhiji to get Harijans their rights.
→
What was the reaction to the Napoleonic Code?
OR
How did the local people in the areas conquered by Napoleon react to French rule? Explain.
→
“Agriculture and industry are complimentary to each other”. Support the statement with three examples.
→
What is meant by the Gross Domestic Product (GDP) of a country?
→
What is the role of WTO in international trade?
→
In what ways were jute producers of Bengal affected by the economic crisis?
→
How is social diversity accommodated in democracy? Explain with examples.
→
Simon Commission was greeted with a slogan 'Go back Simon' at arrival in India. Support this reaction of Indians with arguments.
→
How does the use of money make it easier to exchange things?
→