Advertisements
Advertisements
Question
State whether the following statement is true or false :
Overdraft facility is granted to Savings account holders.
Options
True
False
Solution
False
APPEARS IN
RELATED QUESTIONS
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.
A company usually opens _____________ account in a bank.
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 |
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.
Write a word or a term or a phase which can substitute the following statement:
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
State whether the following statement is true or false :
Bank overdraft facility is a long term facility.
Answer in one sentence:
Which facility is given to Current Account holder?
Justify the following statement:
The bank accept two types of deposits from the public i.e. demand and time deposit?
Distinguish between the following:
Fixed deposit account and recurring deposit account
Explain the following term/concept:
Discounting of Bills
Explain the following term/concept:
Recurring deposits
Explain the following term/concept:
Time Deposits.
Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
Explain the following term/concept:
Fixed deposits
Choose the Correct Answer.
Bankers are not only dealers of money but also leaders in ______
