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Question
Select the correct answer from the options given below and rewrite the statement.
The appointment of banker is usually made by the _______.
Options
Board of Directors
Secretary
Chairman
Solution
The appointment of banker is usually made by the Board of Directors.
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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.
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The short term credit facility given by bank to current account holder.
Write a word or a term or a phase which can substitute the following statement:
The account which is generally opened by business organization.
Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.
State whether the following statement is true or false :
Overdraft facility is granted to Savings account holders.
State whether the following statement is true or false :
Bank overdraft facility is a long term facility.
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It is necessary to instruct the bank to stop payment of a cheque which is lost.
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 __________
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Primary Function | __________ |
Attempt the following:
Write a letter requesting the bank to issue a letter of credit.
Justify the following statement:
The bank accept two types of deposits from the public i.e. demand and time deposit?
Explain the different types of deposits
Distinguish between the following:
Loan and overdraft
Distinguish between the following:
Current account and saving account:
Explain the following term/concept:
Bank
Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.
Explain the following term/concept:
Fixed deposits
