A bank can accept
fixed deposit for a maximum
period of ________
IIBF Exam 11-20
Quiz
•
Education
•
Professional Development
•
Medium
Diwakar Tiwary
Used 4+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
A bank can accept
fixed deposit for a maximum
period of ________
30 years
20 years
10 years
Any time
2.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which one of the
following is true in regard to
Fixed Deposit Receipts?
It is transferable like a cheque
It is a negotiable instrument
It is payable only on its due date
It is payable at the branch of
issue.
3.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
In a normal recurring deposit
for two years, the depositor makes
___________
Monthly deposit of a fixed sum for
two years.
Deposit of the entire amount at the
beginning
Yearly deposit of a fixed sum for two
years
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which one of the following
statements is not true in respect of
current account?
Individuals can open current accounts.
Banks can pay interest on current
accounts at their discretion.
Overdraft facility can be granted on a
current account.
There is no restriction on the number
of transactions in a current account.
5.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Current accounts
and saving accounts are
also known as _______
Fixed deposits
Demand deposits
Term deposits
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
A Recurring
deposit is classified as
_______
Demand deposits
Hybrid Deposit
Flexi Deposit
Term deposits
7.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
An account opening
form based on which a bank
account is opened is
essentially _______ .
A memorandum
A requisition
A contract
None of the above
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