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प्रश्न
State whether the following statement is true or false :
Overdraft facility is granted to Savings account holders.
विकल्प
True
False
उत्तर
False
APPEARS IN
संबंधित प्रश्न
Write a word or a term or a phase which can substitute the following statement:
Separate loan account under which the short term loan facility given by bank to the business
Select the correct answer from the options given below and rewrite the statement.
Resolution for opening Bank Account is passed in the _________ meeting.
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.
Select the correct answer from the options given below and rewrite the statement.
The appointment of banker is usually made by the _______.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Lost cheque | 1) Board of Directors |
| b) Appointment of Banker | 2) Higher rate of interest |
| c) Cash credit | 3) Used for depositing cash and cheque |
| d) Fixed Deposit Account | 4) Stop Payment |
| e) Savings Account | 5) Restrictions on withdrawals |
| f) Pay-in-slip | 6) Separate Account |
| g) Overdraft facility | 7) Current Account |
| 8) Recurring Account | |
| 9) Shareholders | |
| 10) No interest is paid | |
| 11) Used for withdrawing amount from account | |
| 12) Long term credit facility | |
| 13) Certain restrictions on withdrawals | |
| 14) Dealing in foreign exchange |
State whether the following statement is true or false :
Generally no interest is paid by bank on Current Account.
State whether the following statement is true or false :
Bank overdraft facility is a long term facility.
Complete the sentence:
Accepting deposits and lending money are the primary functions of ______
Complete the sentence:
A financial institution which receives deposits and lends money is called as __________
Complete the sentence:
Overdraft facility is given to __________.
Answer in one sentence:
What is a Letter of Credit?
Attempt the following:
Write a letter requesting the bank to issue a letter of credit.
Attempt the following:
Write a letter to bank for opening a current account
Distinguish between the following:
Fixed deposit account and recurring deposit account
Distinguish between the following:
Loan and overdraft
Explain the following term/concept:
Recurring deposits
Explain the following term/concept:
Current deposits
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
Explain the following term/concept:
Loans
