EASY
Earn 100

Bank fixed deposits (FDs) safe.

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Important Questions on Banking

MEDIUM
Which of the following is not a function of the commercial bank in an economy?
MEDIUM
Govind opened a bank account on 1-4-2006 by depositing 3000. He deposited 1000 on 11-04-2006 and withdrew 500 on 15-4-2006. Compute the interest paid by the bank for the month of April, if the rate of interest is 4% per annum. 
EASY

A demand draft issued by a bank is valid for _____.

MEDIUM
Mr. Kumar has a recurring deposit account in a bank for 4 years at 10% p.a. rate of interest. If he gets 21,560 as interest at the time of maturity. Find the amount of maturity (in ) of this recurring deposit account.
HARD
Bank can issue a duplicate of a lost demand draft at the request of the:
MEDIUM
Ashish deposits a certain sum of money every month in a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets  12,715 as the maturity value of this account, what sum of money did he pay every month?
MEDIUM
Balance in X's account is Rs.14500. A cheque favouring LIC of India is presented for Rs.16800. Looking into the importance of the cheque and also the fact that X maintained an account for a long time, the bank allowed overdraft on its own without any request from the customer and passed the cheque. When the amount is demanded from X he refuses to pay to say that he never asked for an overdraft?
EASY

What will bank customers pay for using safe deposit locker facilities?

MEDIUM
The account for which banks give a higher rate of interest is
MEDIUM

Total income of Ramesh, Suresh and Preeti is 807000. The percentages of their expenses are 75%, 80% and 90% respectively. If the ratio of their savings is 16:17:12, then find the annual saving of each of them.

EASY
Fixed deposit accounts give lowest rate of interest to the depositor.
EASY
Savings deposit account is an interest based account.
MEDIUM

At the start of a year there were 24000 in a savings account. After adding 56000 to this the entire amount was invested in the bank at 7.5% compound interest. What will be the total amount after 3 years?

HARD
Which of the following cheque is not honored by the bank?
MEDIUM

Rajan makes a fixed deposit of 8000 in a bank for a period of 2 years. If the rate of interest is 10% per annum compounded annually, find the amount payable to him by the bank after two years.  

MEDIUM
Mr. Jam opened a savings bank account in a branch of Punjab National Bank on 6.4.2001 with a cash of Rs 8,000. After that, his transactions were as given below. 
He deposited Rs 16,500 by cheque on 14.4.2001; took out Rs 5,000 in his name on 10.5.2001; paid Rs 2,050 to a person through cheque on 2.6.2001; deposited Rs 6,000 in cash on 9.6.2001 took out Rs 1,500 on 3.7.2001. 
Make the entries in his passbook. 
 
EASY

Rent will be paid by customer to bank for using

MEDIUM
Govind opened a bank account on 1-4-2006 by depositing 3000. He deposited 1000 on 11-04-2006 and withdrew 500 on 15-4-2006. The minimum balance for the month of April is