4.4 My Financial Career [Latest edition] Balbharati solutions for English Kumarbharati 9th Standard Maharashtra State Board

Chapter 4: My Financial Career

When you open a savings account at the bank you need to fill up Deposit forms/slips. Observe the following forms and fill up your details.

SOLUTION

Andheri (W) Branch The credit of Anish Jain Account No.- 0554 0021 0005 6458 (Current Deposit) Drawn on Bank - Bank of India Branch - Andheri Cheque No. - 58967 Cash - 3000*1 = 3000             400*4 = 1600 Total = 4600 ₹ In Words= Four thousand six hundred only Deposited by - Depositor's Signature Contact Details: Telephone Numbers : Residence - 023-578468 Address: 08, Main Road, Gorai Nagar, Andheri (W), Mumbai - 400 058. Office - 022-563248 Mobile - 9824537880 E-mail address: Anishjain08@yahoo.in

Write in your own words:-

Why does the bank need so many details of its customer?

SOLUTION

The bank needs so many details of its customer to avoid fraudulent transactions and safeguard their accounts. Banks ask questions to its customers on different matters because they want to know them and their life situation so that they can provide good advice and offer banking services suited to the needs of its customers through (KNOW YOUR CUSTOMER-KYC). Banks get information from customers so that they can support banks against crime and bear their share of social responsibility.

What problems do customers face when they have to make a cash deposit at a bank?

SOLUTION

Some of the problems that customers have to face when they have to make a cash deposit at a bank are that there is a long queue so it involves a lot of time. Knowledge of filling up the details of a customer is a must which illiterate people generally face. Sometimes, the bank server is down and not functioning which can be an acute problem in depositing cash. Moreover, many banks will not let you deposit cash into an account which does not bear your name as an account holder.

What are the latest modern methods of depositing money in your own or somebody else’s account?

SOLUTION

Some of the latest modern methods of depositing money in our own or somebody's account are:

• ATM counters: Withdraw cash at any Automated Teller Machine.
• Cheque and Pay Order.
• Electronic funds transfer.
• Standing Order.
• SWIFT: International account transfer.
• Online banking.
• Overdraft.
• Banking through apps.

Make a word web of at least 12 words related to BANKING.

SOLUTION

Some of the words related to BANKING are as follows: balance, bank statement, borrower, cardholder, credit limit, depositor, interest, overdraft, passbook, savings, telebanking, paying-in slip, withdrawal, lending rate, debit, commission, banker's order, credit, account (a/c), etc.

Find from the lesson, the antonyms of the following.

afterward	×	______
spending	×	______
careful	×	______
withdraw	×	______
confidently	×	______
cheerful	×	______

SOLUTION

afterward	×	beforehand
spending	×	earning
careful	×	hesitating
withdraw	×	deposit
confidently	×	timidly
cheerful	×	sepulchral joyless

Fill in the blank choosing the appropriate word/idiom from the lesson.

The ______ solved the mysterious crime.

SOLUTION

The detective solved the mysterious crime.

In the examination, I did not know the answer, so I ______.

SOLUTION

In the examination, I did not know the answer, so I became a hesitating jay.

He was dizzy and he ______ the room.

SOLUTION

He was dizzy and he shambled the room.

While arguing with his elders he had ______.

SOLUTION

While arguing with his elders he had made a wretched attempt to look like a man with a fearfully quick temper.

The sight of a snake ______.

SOLUTION

The sight of a snake rattled him.

As soon as I ______ of my home, I greet my family.

SOLUTION

As soon as I cross the threshold of my home, I greet my family.

Using the following points frame a character sketch of the narrator. Support each character trait with instances from the lesson.

1. Diffident and timid
2. Unusual behavior
3. Ignorant about banking
4. Nervous and careless
5. Economical.

SOLUTION

1. Diffident and timid - The writer's salary had been raised to fifty dollars a month and the bank was the only safe place for it. So, he got diffident and timid to speak to the staff in that bank.
2. Unusual behavior - When the narrator caught the sight of the Accountant, his voice went sepulchral. He asked for the manager and added solemnly, 'alone.' That was an unusual behavior of the writer.
3. Ignorant about banking - The writer says, the moment he crosses the threshold of a bank, he becomes a hesitating jay and if he becomes to transact business there, he becomes an irresponsible idiot.
4. Nervous and careless - He gets nervous about receiving the check-book to enter the amount to be withdrawn. The writer goes careless when he enters fifty-six dollars in the check instead of just six.
5. Economical - The writer's attitude gets economical when he decides to keep his money in cash in his trousers pocket, and his savings in silver dollars in a sock.

Rewrite the following in indirect speech.

“Can I see the manager?” I said, “Certainly,” said the accountant.

SOLUTION

I asked whether I could see the manager and the accountant replied in the affirmative.

“Good morning,” I said and stepped into the safe.
“Come out,” said the manager coldly.

SOLUTION

Having wished good morning, I stepped into the safe. The manager ordered me coldly, to go out.

….. the words seemed to mean, “Let us do this painful thing while the fit is on us.”

SOLUTION

The words seemed to mean that they should do that painful thing while the fit was on them.

“What! Are you drawing it all out again?” he asked in surprise.
“Yes, the whole thing,” I said.

SOLUTION

He exclaimed in surprise and asked whether I was drawing it all out again. I replied in the affirmative that I would draw the whole thing.

“How will you have it?” he said.
“In the fifties,” I said.

SOLUTION

He asked how I would have it and I replied that I would have it in the fifties.

Read the statement, write your views first, and counterview later, in two separate passages. ‘Online/Net Banking is better than going personally to the bank for transactions.’

Views:

Counterview:

Online banking provides plenty of benefits. It is easier for customers to check their accounts, pay their bills, and move money from one account to the other. The perks of online banking include: Convenience: With an internet connection, direct banks are open 24 hours a day, 365 days a year. Updating and maintaining a direct account is also easier. It takes minutes to change your mailing address, other additional checks, and look for current interest rates. Mobility: Online banking now includes mobile capabilities. New applications are now continually being created to expand and improve this capability on smartphones and other mobile devices. Smooth Transfers: Accounts can be automatically funded from a traditional bank account. It helps to transfer the money immediately and accurately. Other Advantages of online banking are that it is less time-consuming. Also, it is considered to be a safe and secure method and you have permanent access to the bank.

One disadvantage of Internet banking relates to withdrawing money. While most businesses accept debit and credit cards, people still like to have cash on them too. Hence, you can't withdraw cash over the Internet so you still have to visit your bank's physical location or pay service fees by withdrawing money at an ATM that's not associated with your bank. Another disadvantage of online banks would be: 'Customer Service': Although online banks have implemented chatting features and offer customer service numbers for those with questions and inquiries, it still doesn't compare to the customer service you'll receive by banking at a physical bank location. Security Risks: Next drawback of internet banking could be. Most banks make sure that their websites are secure, but no bank website is immune from cybercrime and hacking. Hackers target bank websites to swipe account information. Other pitfalls of online banking include difficulty in getting on to the internet at certain times of day-weekday evenings are the most popular. Internet connection is required for Net banking. If the bank's server is down or internet speed is slow then the online transaction is not possible. Another flaw is that 'One must know the basics of computers and the Internet in order to use Internet Banking.' Further, one can misuse your account if your password and Pin Id. comes in the hands of an unauthorized person.

Read the story ‘Lord Emsworth and the Girl Friend’ by P. G. Wodehouse.

Solution:

Do it yourself.

Balbharati Solutions for English Kumarbharati 9th Standard Maharashtra State Board

• Chapter 1.1: Life

• Chapter 1.2: A Synopsis-The Swiss Family Robinson

• Chapter 1.3: Have you ever seen...?

• Chapter 1.4: Have you thought of the verb ‘have’

• Chapter 1.5: The Necklace

• Chapter 2.1: Invictus

• Chapter 2.2: A True Story of Sea Turtles

• Chapter 2.3: Somebody’s Mother

• Chapter 2.4: The Fall of Troy

• Chapter 2.5: Autumn

• Chapter 2.6: The Past in the Present

• Chapter 3.1: Silver

• Chapter 3.2: Reading Works of Art

• Chapter 3.3: The Road Not Taken

• Chapter 3.4: How the First Letter was Written

• Chapter 4.1: Please Listen!

• Chapter 4.2: The Storyteller

• Chapter 4.3: Intellectual Rubbish

• Chapter 4.4: My Financial Career

• Chapter 4.5: Tansen

Difficult Words & Meanings

Deposit: To put money into a bank account.

Withdrawal: Taking money out of a bank account.

Fraudulent: Involving cheating or dishonesty to achieve something, often financial gain.

Safeguard: To protect from harm or danger.

KYC (Know Your Customer): A bank's process to verify customer identity to prevent illegal activities.

Transaction: An instance of buying or selling something; a business deal, or in banking, any activity affecting an account.

Overdraft: Permission to withdraw more money than is in an account, up to a certain limit.

Electronic Funds Transfer (EFT): Moving money between accounts using computers and electronic signals.

Standing Order: An instruction to a bank to make regular, fixed payments.

Sepulchral (voice): Very sad and serious, like a voice from a tomb; gloomy.

Diffident: Shy and not confident in one's own abilities.

Economical: Careful about spending money and not wasting resources.

Antonym: A word that means the opposite of another word.

Counterview: An opinion or argument that is opposite to one already stated.

Perks: Special benefits or advantages that you get with a job or service.