Basic Terminology in Banking
Basic Terminology in Banking: Overview
This Topic covers sub-topics such as Banking, Cheques, Loan, Fixed Deposit, Current Account, Demand Draft, Crossed Cheque, Overdraft, Bearer Cheque, Term Loan, Fixed Deposit Account, Bouncing of a Cheque, Terminology in Banking and, Deposit Accounts
Important Questions on Basic Terminology in Banking
Savings deposit account is an interest based account.
For term loan the borrower enters into an agreement with the bank regarding the period of loan, mode of repayment and number of instalments for term loan.
Repayment period of term loan is more than _____ months.
For demand loans, borrower has to promise that he would repay the loan unconditionally as per the stipulations of the bank.
The repayment of demand loan has to be done within _____ months from the date of disbursement of the loan.
The word _____ should be mentioned after the amount in the words on cheque.
Check becomes outdated after _____ months from the date of issue.
Rent will be paid by customer to bank for using
Which of the following is the advantage of depositing money in the bank.
Which of the following is not a field of deposit slip?
What will bank customers pay for using safe deposit locker facilities?
When was Liberalised Remittance Scheme established?
