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Question
Select the correct answer from the options given below and rewrite the statement.
Resolution for opening Bank Account is passed in the _________ meeting.
Options
Board
Statutory
Annual General
Solution
Resolution for opening Bank Account is passed in the Board meeting.
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RELATED QUESTIONS
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.
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Permission to withdraw excess amount from Current Account.
Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.
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The slip which is used for withdrawing money from Savings Account.
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Negotiable Instrument which can be discounted with the bank.
State whether the following statement is true or false :
In cash credit, customers account is credited by bank with sanctioned amount
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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.
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| International Trade Transactions | __________ |
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
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:
Letter of Credit
Explain the following term/concept:
Cash Credit.
Explain the following terms/concept:
Advances
Explain the following term/concept:
Bank
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
