Quiz on Correspondence with Banks

#1. Generally interest is not paid on …………. deposit account.

#2. Providing safe deposit vault is a …………. function

#3. A company usually opens …………. account in a bank.

#4. ……….. deposits are repayable on demand.

#5. letter of credit is a payment or method generally used for ………. trade transactions.

#6. The Bank fixes overdraft limit against ………….

#7. Borrowing/Accepting and lending money are considered as ………….. functions of bank

#8. ………….. is used for depositing cash into a bank account.

#9. Withdrawals are not permitted from the ………… account.

#10. The appointment of banker is usually made by the …………….

#11. A deposit which is kept for fixed period in bank is called ………………….. deposit.

#12. Bank provides overdraft facility to ………….. account holder.

#13. Resolution for opening Bank Account is passed in the ………… meeting.

#14. Bank is a …………….. institution.

#15. ……….. account is suitable to salaried people.

Finish

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