What does banking refer to?
Everyday Banking Concepts

Flashcard
•
Business
•
University
•
Easy
s.pavithra Shasun
Used 2+ times
FREE Resource
Student preview

16 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Banking refers to financial activities conducted by institutions like banks, including accepting deposits, lending money, facilitating services like money transfers, and offering financial products.
2.
FLASHCARD QUESTION
Front
What are the types of banks?
Back
1. Commercial Banks: Provide services for individuals and businesses. 2. Central Banks: Oversee monetary policies and regulate other banks. 3. Co-operative Banks: Operate for the benefit of their members.
3.
FLASHCARD QUESTION
Front
What is a passbook?
Back
A passbook is a physical record issued by the bank to savings account holders, containing a detailed history of transactions and helping account holders monitor their balances.
4.
FLASHCARD QUESTION
Front
What is a cheque book?
Back
A cheque book is issued to account holders and contains multiple cheque leaves, each with the bank's name, unique serial number, and MICR code.
5.
FLASHCARD QUESTION
Front
What are the key sections of a cheque?
Back
1. Date: Top right corner. 2. Payee Name: After 'Pay to the order of.' 3. Amount in Words and Figures. 4. Signature: Matches the bank’s registered signature. 5. Account Details.
6.
FLASHCARD QUESTION
Front
What are the steps to fill up a cheque?
Back
1. Write the current date. 2. Mention the payee's name. 3. Enter the amount in words and numbers. 4. Sign at the designated spot. 5. Draw a line through unused spaces.
7.
FLASHCARD QUESTION
Front
What is a deposit challan?
Back
A deposit challan is a form used for depositing money into a bank account, including fields for the depositor’s details, account number, and deposit type.
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
GAU-2 Basic principles

Flashcard
•
KG
15 questions
Soil Conservation

Flashcard
•
KG - University
11 questions
FCE key word transformation

Flashcard
•
Professional Development
15 questions
Financial Algebra Midterm Exam

Flashcard
•
11th - 12th Grade
10 questions
Different Ways to Pay

Flashcard
•
KG - University
16 questions
Banking Basics 2

Flashcard
•
12th Grade
13 questions
Banking Transactions

Flashcard
•
University
13 questions
ACCT 1025: Chapters 9 & 10

Flashcard
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade