Which of the following is paid to customers by banks in return for their deposits?

Credit

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Interest

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Investment

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Solution

The correct option is C Interest

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Similar questions

Q. Banks receive deposit from their customers. In which of the following forms do the banks keep the deposits?

Find the balance as per cash book from following details:

Debit balance in passbook: Rs 6,700

Direct deposits by customers: Rs 4,800

Bank interest debited by bank: Rs 200

Insurance premium paid by bank: Rs 2,000

Q. 97. Consider the following statements:
i) Payments banks will mainly deal in transfer and remittance services and accept deposits of up to Rs 1 lakh.
ii) They will not lend to customers and will have to deploy their funds in government papers and bank deposits.
iii) They can accept demand deposit, issue ATM/debit and credit cards.
Which of the above statements is/are correct?

Q32) Consider the following statements about Payment Banks.

i) Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.

ii) They will not lend to customers and will have to deploy their funds in government papers and bank deposits.

iii) They can issuedebit cards and credit cards.

Which of the above statements is/are correct?

From the following particulars, find balance as per cash book as at March 31, 2018.
(i) Credit balance as per pass book Rs 9,250
(ii) Credit card bill paid by bank Rs 3,200
(iii) Dividend received directly in bank Rs 2,500
(iv) Direct deposits by customers Rs 2,750

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