Advertisements
Advertisements
Question
Answer in one sentence:
Which facility is given to Current Account holder?
Solution
Overdraft facility is given to Current Accountholder.
APPEARS IN
RELATED QUESTIONS
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
Write a word or a term or a phase which can substitute the following statement:
The short term credit facility given by bank to current account holder.
Select the correct answer from the options given below and rewrite the statement.
Bank is a _______ institution
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.
Withdrawals are not permitted from the ____________ deposit account.
Select the correct answer from the options given below and rewrite the statement.
__________ account is suitable to salaried people.
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 __________
Select the correct option from below
Group ‘A’ | Group ‘B’ |
International Trade Transactions | __________ |
Attempt the following:
Write a letter to the bank to stop payment of cheque.
Attempt the following:
Write a letter to bank for opening a current account
Justify the following statement:
The bank accept two types of deposits from the public i.e. demand and time deposit?
Explain the following term/concept:
Stop payment of cheque
Explain the following term/concept:
Cash Credit.
Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.
Choose the Correct Answer.
The Local Area Banks are promoting ______