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11th Standard English Medium Commerce Subject Functions of Commercial banks Creative 1 Mark Questions with Solution Part - I updated Creative Questions

11th Standard English Medium Commerce Subject Functions of Commercial banks Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. Salary account of an employee is a ____________

    (a)

    Saving Account

    (b)

    Fixed Deposit Account

    (c)

    Recurring Deposit Account

    (d)

    Current Account

  2. A customer can withdraw money through cheque at any branch of the bank throughout the world is ___________

    (a)

    Mobile Banking

    (b)

    CORE Banking

    (c)

    Electronic Clearing Services

    (d)

    All of them

  3. Maintenance of minimum balance in Savings Acount is ____________

    (a)

    Compulsory

    (b)

    Not compulsory

    (c)

    Optional

    (d)

    None

  4. Pre - mature withdrawal of cash allowed only for ________________

    (a)

    Fixed Deposit Account

    (b)

    Recurring Deposit Account

    (c)

    Both (a) & (b)

    (d)

    None

  5. ______ deposits are repayable on demand on any day.

    (a)

    Demand Deposit

    (b)

    Time Deposit

    (c)

    Fixed Deposit

    (d)

    Savings Deposit

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