Introduction to Banking
Trending Questions
Q. What is the purpose of opening a bank account?
- It makes cash deposition and withdrawal easy and safe.
- It helps to keep the money safe and in some cases also provides interest on the total account balance.
- It provides detailed transactions summary.
- With the help of a bank account we can enroll for aadhaar card
Q. swapna earns rupees 24000 per month.she spends 7/8 of her income and deposits rest of the money in a bank. how much money does she deposit in the bank each month.
Q. Find the simple interest on ₹3000, at a simple interest rate of 10% per annum for eight months.
Q. List down any three features of a savings account.
Q.
List down any three features of a current account. |
Q. What are Banks?
- Banks are government organization that takes care of law and order in the society.
- Banks are government recognized institution that carries out transactions of money.
- Banks are fully private organization that deals only in education sector.
- Banks are fully private organization that deals with immigration and external affair of country.
Q. Which of the following is / are type(s) of a bank account?
- Savings Account
- Current Account
- Recurring Deposit Account
- Provident fund account
Q.
Which of the following documents is accepted by the banks as proof of identity?
Aadhar Card
PAN Card
Electricity Bill
Telephone Bill
Q. Which of the following is/are a type of bank account?
- Savings Account
- Current Account
- Recurring Deposit Account
- All of these
Q. What are Banks?
- Banks are fully private organization that deals with immigration and external affair of country.
- Banks are government organization that takes care of law and order in the society.
- Banks are fully private organization that deals only in education sector.
- Banks are government recognized institution that carries out transactions of money.
Q.
Mention the different types of bank accounts.
Q. List down any two features of a recurring deposit account.
Q. Which of the following is a component of bank?
- Account
- ATM card
- Cheque book
- Passbook
Q. Which of the following cannot be used for cash-less transaction?
- Debit card
- Credit card
- PAN card
- Cheque book
Q. Calculate the difference in compound interest when interest is calculated yearly and half yearly on sum of Rs 50, 000 for one year at 25% per annum.
Q. Which of the following is / (are) the function of a bank?
- Bank issues yearly tax invoice slip of the account holder.
- Bank issues aadhaar card of the account holder.
- Bank issues monthly salary slip of the account holder
- A person can withdraw or deposit his cash in a bank.
Q. Write short notes on the following:
General Utility Services provided by the banks.
General Utility Services provided by the banks.
Q.
Manu has Rs. 8000 in his savings account on Sunday. He deposited Rs. 1000, the next day. Represent his deposit by an integer:
+9000
-9000
+1000
-1000
Q. ATM stands for:
Q. What rate gives ₹280 as interest on a sum of ₹ 56, 000 in 2 years?
Q.
Jay has started with petty cash and has vouchers of.
How much cash should Jay have in the petty cash box.
Q. What rate gives ₹280 as interest on a sum of ₹ 56, 000 in 2 years?
Q. Ram has ₹1000 in his bank account. After paying his water bill, the amount left in his bank account was ₹700. How much did he pay as water bill?
- ₹250
- ₹300
- ₹700
- ₹1000
Q. Cashless transactions can be done while shopping using ______ .
- Debit Card
- Credit Card
- UPI
- All
Q. Nyasa paid an interest of ₹4500 for 2 years at an interest of 9% per annum. Find the sum of money she borrowed.
Q. Rajesh deposits a certain amount in a bank which becomes three times of itself in 16 years. Find the time required by the same amount to become four times of itself.
Q.
These types of deposits have common features of fixed deposits and savings deposit . I dentify the deposits. Explain the common features.
Q. A bank is a government recognized organisation that facilitates the transaction of money.
- False
- True
Q. Pair the correct simple interest rate with the interest on a borrowed amount of ₹1000 for one year.
- 2%
- ₹70
- 7%
- 5%
- ₹20
- ₹50
- ₹10
- 1%
Q. dwania had Rs. 20, 000 in her bank account . she withdrawed Rs. 12000 after 3 months . How much money is left in the account if the money she withdrawed is a negative integer