IIBF Exam 11-20

IIBF Exam 11-20

Professional Development

10 Qs

quiz-placeholder

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IIBF Exam 11-20

IIBF Exam 11-20

Assessment

Quiz

Education

Professional Development

Medium

Created by

Diwakar Tiwary

Used 4+ times

FREE Resource

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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