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
Soil Conservation

Flashcard
•
KG - University
11 questions
FCE key word transformation

Flashcard
•
Professional Development
14 questions
Bank Audit Flashcard

Flashcard
•
KG - University
15 questions
W!SE Banking (15)

Flashcard
•
11th Grade
13 questions
Financial Algebra Vocab Test #1

Flashcard
•
12th Grade
15 questions
Understanding Monetary Policy and Economics

Flashcard
•
12th Grade - University
15 questions
Checks and Check Registers

Flashcard
•
11th - 12th Grade
14 questions
Bookkeeping controls

Flashcard
•
Professional Development
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade