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Question
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
Solution
Accepting deposits is the Primary function of the bank.
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RELATED QUESTIONS
Write a word or a term or a phase which can substitute the following statement:
Permission to withdraw excess amount from Current Account.
Select the correct answer from the options given below and rewrite the statement.
A company usually opens _____________ account in a bank.
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 _______.
Write a word or a term or a phase which can substitute the following statement:
The slip which is used for withdrawing money from Savings Account.
State whether the following statement is true or false :
Bank overdraft facility is a long term facility.
State whether the following statement is true or false :
Banks grant long term loans only.
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.
Complete the sentence:
A facility under which a customer can overdraw money from his account is called as ___________.
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| ________________ | Current Account |
Answer in one sentence:
What do you mean by stop payment of cheque?
Justify the following statement:
Overdraft facility is given only to current depositors?
Explain the different types of deposits
Distinguish between the following:
Loan and overdraft
Explain the following terms/concept:
Advances
Explain the following term/concept:
Recurring deposits
Explain the following term/concept:
Time Deposits.
Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.
