| 1 |
Adjusting a debit balance against a credit balance by the bank is called. |
- A. Balancing
- B. Adjustment
- C. Setting off
- D. All these
|
| 2 |
It is the duty of the bank to. |
- A. Honor cheque
- B. Keep secrecy
- C. Safe custody
- D. All these
|
| 3 |
Thenature of relations between banker and customers is. |
- A. Bailer and Bailee
- B. Agent and principal
- C. Debtor and creditor
- D. All the above
|
| 4 |
When two or more persons open an account under a single title is called. |
- A. Joint Account
- B. Single title account
- C. B.B.A. Account
- D. None of these
|
| 5 |
Maintenance of minimum balance is not required in |
- A. Current account
- B. Basic banking account
- C. Saving account
- D. None of these
|
| 6 |
Minor person of a bank is one who is below. |
- A. 15 years
- B. 16 years
- C. 18 years
- D. 17 years
|
| 7 |
Rate of interest in case of fixed deposit is |
- A. Low
- B. High
- C. Both
- D. None of the above
|
| 8 |
Saving accounts encourage the habit of saving among |
- A. Low income persons
- B. Investors
- C. Business people
- D. All of the above
|
| 9 |
The person who pledges the goods with the banker as security is called. |
- A. Pledgee
- B. Mortagager
- C. Pledger
- D. Mortagagee
|
| 10 |
It is the right of a customer to. |
- A. Draw cheque
- B. Receive pass book
- C. Receive cheque book
- D. All these
|
