BANKING_FINANCIAL LITERACY_CLASS 6

Origin of Bank

• Babylonia

• Hampi

• Maurya Dynsasty

• Romans

Banker to Banks

• Commercial Bank

• Central Bank

Direct Interface to the people allowing them to open and manage accounts to obtain loans and other financial services.

• Commercial Bank

• Central Bank

Account which accepts fixed amount for long term in lump sum

• Savings

• Current

• Fixed

• Recurring

Fixed sum of money in intervals

• Savings

• Current

• Fixed

• Recurring

Which of the following account types is opened by business owners to meet their

requirement for an unlimited number of cash deposits and withdrawals?

• Savings

• Current

• FIxed

• Reucrring

For money withdrawal, a cheque must have

• Signature of Recipient

• PAN card no. of account holder

• Signature of account holder

• Mobile Number

Account gives highest rate of interest

• Savings

• Current

• Fixed

• Recurring

Identify Cheque Number

• 500229009

• 100831

• 551452

• 31