Quiz on Correspondence with Banks
#1. Borrowing/Accepting and lending money are considered as ………….. functions of bank
#2. A company usually opens …………. account in a bank.
#3. letter of credit is a payment or method generally used for ………. trade transactions.
#4. The appointment of banker is usually made by the …………….
#5. ……….. account is suitable to salaried people.
#6. A deposit which is kept for fixed period in bank is called ………………….. deposit.
#7. ……….. deposits are repayable on demand.
#8. ………….. is used for depositing cash into a bank account.
#9. Bank provides overdraft facility to ………….. account holder.
#10. Providing safe deposit vault is a …………. function
#11. Generally interest is not paid on …………. deposit account.
#12. Withdrawals are not permitted from the ………… account.
#13. The Bank fixes overdraft limit against ………….
#14. Resolution for opening Bank Account is passed in the ………… meeting.
#15. Bank is a …………….. institution.
Results
