The History of Banking in South Africa (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
When was the Lombard Bank established in South Africa?
When was the Lombard Bank established in South Africa?
1793
Which service did the Lombard Bank NOT offer to ordinary people?
Which service did the Lombard Bank NOT offer to ordinary people?
Savings accounts
When was the Cape of Good Hope Bank, SA's first private bank, established?
When was the Cape of Good Hope Bank, SA's first private bank, established?
1836
What were district banks mainly designed to do?
What were district banks mainly designed to do?
Support local economic development
In which year was the Standard Bank established?
In which year was the Standard Bank established?
1862
How many district banks did Standard Bank take over between 1863 and 1864?
How many district banks did Standard Bank take over between 1863 and 1864?
Five
When was the Land and Agricultural Bank established?
When was the Land and Agricultural Bank established?
1912
How many major banks dominated South Africa by 1920?
How many major banks dominated South Africa by 1920?
Five
Which function is NOT performed by the SA Reserve Bank?
Which function is NOT performed by the SA Reserve Bank?
Providing personal loans to citizens
What is the maximum value of Reserve Bank shares one shareholder can own?
What is the maximum value of Reserve Bank shares one shareholder can own?
R10,000