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प्रश्न
Explain the following term/concept:
Fixed deposits
उत्तर
Any deposit which is not repayable on demand is called a time deposit. Time deposits are repayable after specified period of time. Time deposits may be classified as fixed deposit and recurring deposit. Under Fixed deposit account certain amount is deposited for fixed period (minimum 45 days or more). Usually higher rate of interest is paid depending on the period. Interest is paid either at regular time interval or on maturity of deposits. Fixed Deposit Receipt (FDR) is issued to the depositor. Loan is given to depositor on the security of FDR.
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संबंधित प्रश्न
Write a word or a term or a phase which can substitute the following statement:
A slip used for depositing cash and cheque in the Bank account.
Write a word or a term or a phase which can substitute the following statement:
The account which is generally opened by business organization.
Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.
Select the correct answer from the options given below and rewrite the statement.
__________ account is suitable to salaried people.
Write a word or a term or a phase which can substitute the following statement:
The type of account for which higher rate of interest is paid to bank depositors..
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Negotiable Instrument which can be discounted with the bank.
State whether the following statement is true or false :
Joint Stock Company opens Current Account.
State whether the following statement is true or false :
In cash credit, customers account is credited by bank with sanctioned amount
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Overdraft | __________ |
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| ________________ | Current Account |
Answer in one sentence:
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Answer in one sentence:
What do you mean by stop payment of cheque?
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Write a letter requesting the bank to issue a letter of credit.
Justify the following statement:
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Justify the following statement:
There is a difference between Loans and Advances given by the Bank.
Explain the following term/concept:
Recurring deposits
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
Choose the Correct Answer.
The Local Area Banks are promoting ______
