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प्रश्न
State whether the following statement is true or false :
It is necessary to instruct the bank to stop payment of a cheque which is lost.
पर्याय
True
False
उत्तर
True
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
Bank provides overdraft facility to ___________ account holder.
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.
Generally Interest is not paid on ___________ deposit account
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 |
Write a word or a term or a phase which can substitute the following statement:
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 :
Board resolution is not required to open the Current Account with the bank.
State whether the following statement is true or false :
Bank account of company is operated by shareholder.
Find the odd one:
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 do you mean by stop payment of cheque?
Justify the following statement:
There is a difference between Loans and Advances given by the Bank.
Distinguish between the following:
Loan and overdraft
Explain the following term/concept:
Discounting of Bills
Explain the following terms/concept:
Advances
Explain the following term/concept:
Current deposits
Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.
