Which of the following statements are true?

– b/a higher the level of safety (2)

----- is a n average minimum balance during a period of three months – a

What is a cheque – b

Through mobilisation of deposits, banks are responsible for the following social functions – a, b

In case FD receipt is lost or misplaced, the depositor has to submit ----- to obtain a duplicate
receipt only after which he can renew or encash the deposit – b

The basic concerns of depositors are safety, liquidity of funds and returns - a

-------- deposits are repayable on demand. – b/a

Which of the following statements are true? – b/ 2 in 1 account allows advantages of savings
(4)

Features of Recurring deposits are: - a, b, c

Fixed deposits offer absolute liquidity –b

Intermediation is the primary function of banks and mobilisation of deposits is the first step in
intermediation. – a

Demand deposits enhance profitability of the banks – a

In case of cumulative fixed deposit, - d/c/ a account holder can withdrew 1

Rate of interest on Savings account is – c/d

Current accounts are – a

HNIs are – a

On Demand deposits – a

Rate of interest on Savings account is paid – c/

In case of cumulative fixed deposit, - b/ a Interest is paid at the rate which was agreed 2

Maximum term for fixed deposit is – 4

Which of the following statements are true? – c/b in the absence of such instruction

TDS is deductible on – c

When the Rd account is opened, depositor is informed of maturity value – a

In case of ---------------- fixed deposit Interest is paid every quarter – a/ /

Which of the following statements are true? – a/b Demand deposits can be accepted only by
Banks (3)

On maturity, FD amount can be paid to third patries provided account holder provides
authorisation – b
in case of Current account, each customer can choose a package to suit his requirement – a

What is minimum average relationship value – b

-------- prohibits from opening savings account by business entities. –a

Tax Deducted at source(TDS), - c

Savings account holders are allowed unlimited cheque books in a year –b

Each fixed deposit opened by a particular customer – a

Main source of funds is – a

Deposits contribute more than ------- % of the resources of the banks – b

Savings bank account provides facilities like Cash deposits and withdrawals, clearing of local
cheques, issue of ATM cards etc – a

Fixed deposits are term deposits which are – a/b/c

According to Income tax Regulations, fixed deposits in excess of Rs. 20000 cannot be repaid in
cash – a

Premature closure of traditional fixed deposit is not permitted – b

Balances in Recurring Deposits cannot be withdrawn till the date of maturity – a

The rate at which interest can be paid in savings accountis regulated by - a