Below are questions related to bank terminology.
Question 1
Savings bank account's payable interest is regulated by ______
a) State government
b) RBI
c) Central government
d) Finance Minister
Answer : b) RBI
Question 2
The deposit accounts available in bank are ________
a) current acount,term deposit account
b) electricity account, insurance premium account, savings account
c) current accounts,saving bank accounts and term deposit account
d) current bill accounts, post office account and insurance premium account
Answer : c) current accounts,saving bank accounts and term deposit account
Question 3
Which of the following deposit is payable after certain period ?
a) Fixed deposit
b) Recurring deposit
c) Cumulative deposit
d) Both a & b
e) None of these
Answer : d) Both a & b
Question 4
Which of the following statement is true ?
a) Savings bank and current account holders can use cheques
b) Both Savings bank and current account holders can use cheques
c) Savings bank account holders are provided with cheques
d) Both Current account and fixed deposit holders are provided with cheques.
Answer : a) Savings bank and current account holders can use cheques
Question 5
When a Cheque is returned unpaid is called ________
a) Honour of the cheque
b) payment of the cheque
c) dishonour of the cheque
d)None of these
Answer : c) dishonour of the cheque
Question 1
Savings bank account's payable interest is regulated by ______
a) State government
b) RBI
c) Central government
d) Finance Minister
Answer : b) RBI
Question 2
The deposit accounts available in bank are ________
a) current acount,term deposit account
b) electricity account, insurance premium account, savings account
c) current accounts,saving bank accounts and term deposit account
d) current bill accounts, post office account and insurance premium account
Answer : c) current accounts,saving bank accounts and term deposit account
Question 3
Which of the following deposit is payable after certain period ?
a) Fixed deposit
b) Recurring deposit
c) Cumulative deposit
d) Both a & b
e) None of these
Answer : d) Both a & b
Question 4
Which of the following statement is true ?
a) Savings bank and current account holders can use cheques
b) Both Savings bank and current account holders can use cheques
c) Savings bank account holders are provided with cheques
d) Both Current account and fixed deposit holders are provided with cheques.
Answer : a) Savings bank and current account holders can use cheques
Question 5
When a Cheque is returned unpaid is called ________
a) Honour of the cheque
b) payment of the cheque
c) dishonour of the cheque
d)None of these
Answer : c) dishonour of the cheque
