Different Types of Accounts

Q.

What are the 5 sources of finance?

Q. An account on which the bank does not pay any kind of interest is a ______ .

1. Recurring Deposit Account
2. Savings Account
3. Current Account
4. Fixed Deposit Account

Q. The Difference between the principal and amount is said to be the _______.

1. Time
2. Rate
3. Interest
4. Principal

Q. Which of the following account provides highest rate of interest?

1. Savings Account
2. Fixed Deposit Account
3. Recurring Deposit Account
4. Current Account

Q. Which of the following is not a type of bank account?

1. Current
2. F.D.
3. Savings
4. Business

Q.

We can't withdraw money from a fixed deposit account.

1. True

2. False

Q. The amount of extra money that is paid while repaying a loan is known as ________.

1. Interest
2. Principal
3. Amount
4. Rate of Interest

Q.

Which of the following terms is used in Banking Field?

1. Interest Rate Swap

2. Input Devices

3. Sedimentary

4. Zero Hour

5. Privilege Motion

Q.

What happens if I don’t pay my promissory note?

Q.

Bank overdraft account is a

1. Real account

2. Representative personal account

3. Personal account

4. Nominal account

Q. The sum of simple interest and principal gives _______ .

1. Amount
2. Rate
3. Principal
4. Time

Q. What are the different type of bank accounts? (1 mark)

Q.

Current account gives more interest than Savings account.

1. False

2. True

Q. Which of the following are types of bank account?

1. Current
2. Saving
3. Credit
4. Fixed deposit

Q.

Which of these provides highest rate of interest?

1. Savings Account

2. Current Account

3. Fixed Deposit

4. All of them provide same rate of interest.

Q. Banks provide highest rate of interest in a account.

1. Savings
2. Current
3. Fixed Deposit

Q.

Why do voucher codes never work?

Q. Mention two advantages of a bank account.

Q. Banks give more interest on Saving Accounts than Fixed Deposit.

1. True
2. False

Q. Interest is more on saving deposits.

1. True
2. False

Q. Interest rate in cash credit is normally ______ bank credit account.

1. higher than
2. same
3. none of the above
4. lower than

Q.

1. Fixed deposit
2. Current
3. Saving
4. None of these

Q. __________ facilitates borrowing funds to pay for purchases.​

1. Credit Card
2. Debit Card
3. Passbook
4. None of the above

Q.

You can have any number of transactions in a savings account.

1. True

2. False

Q. In a current account, money can be withdrawn or deposited by ______ .

1. Cheque
2. Cash
3. Card
4. All

Q. Banks give no interest on the money in Savings Account.

1. False
2. True

Q. What does the institution, called as bank, do?

1. All the above
2. Provide other useful services, like providing lockers, etc
3. Receive money from depositors
4. Lend money on demand

Q. Cashless transactions can be done while shopping using ______ .​

1. Debit Card
2. Credit Card
3. UPI
4. All

Q.

Which of these provides highest rate of interest?

1. Savings Account

2. Current Account

3. Fixed Deposit

4. All of them provide same rate of interest.

Q. Banks provide a higher rate of interest on which of the following accounts?

1. Savings account
2. Current account
3. Fixed deposits for very short period
4. Fixed deposits for long period