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Question
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.
Options
True
False
Solution
True
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Answer in one sentence:
What do you mean by stop payment of cheque?
Attempt the following:
Write a letter to the bank to stop payment of cheque.
Justify the following statement:
Overdraft facility is given only to current depositors?
Distinguish between the following:
Fixed deposit account and recurring deposit account
Distinguish between the following:
Current account and saving account:
Explain the following term/concept:
Current deposits
Explain the following term/concept:
Time Deposits.
Explain the following term/concept:
Bank
Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.
Explain the following term/concept:
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Choose the Correct Answer.
Bankers are not only dealers of money but also leaders in ______
