NCERT Book Class 7 Social Science (Exploring Society India and Beyond Part-II) Chapter 8 Banks and the Magic of Finance
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NCERT Book Class 7 Social Science (Exploring Society India and Beyond Part-II) Chapter 8 Banks and the Magic of Finance – Text
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Page 1
CHAPTER
Banks and the
Magic of Finance
The banker is not only a middleman; he is the producer of
a vital service, enabling entrepreneurs to transform ideas
into reality through credit.
– Joseph Schumpeter, Economist
1. What is financial infrastructure,
The Big and what does it comprise?
Questions 2. What are the main functions
performed by banks and how do
they impact people’s lives?
3. How does financial
infrastructure contribute to a
nation’s progress?
Fig. 8.1.
8 – Banks and the Magic of Finance
Economic Life Around Us
193
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Document Details
| Board / Org | NCERT |
| Exam | Class 7 |
| Type | Books |
| Pages | 20 |
| Language | english |
| Updated | 24 Sep 2026 |