Select the correct answer from the options given below and rewrite the statement:
i. A company usually opens ________ account in a bank.
(a) Current
(b) Saving
(c) Recurring
ii. Bank is a _____________ institution.
(a) financial
(b) social
(c) cultural
iii. The appointment of banker is usually made by the ________
(a) Board of Directors
(b) Secretary
(c) Chairman
iv. Resolution for opening Bank Account is passed in the ______ meeting.
(a) Board
(b) Statutory
(c) Annual General
v. Bank provides overdraft facility to _________ account holder.
(a) Current
(b) Saving
(c) Fixed Deposit
vi. _____________ is used for depositing cash into a bank account.
(a) Pay-in-slip
(b) Withdrawal slip
(c) Cheque
vii. Borrowing/Accepting and lending money are considered as _______ functions of bank.
(a) Primary
(b) Secondary
(c) Agency
viii. Withdrawals are not permitted from the _______ deposit account.
(a) Fixed
(b) Current
(c) Savings
ix. _______ account is suitable to salaried people.
(a) Savings
(b) Current
(c) Fixed
x. Generally Interest is not paid on ________ deposit account.
(a) Current
(b) Saving
(c) Fixed
xi. A deposit which is kept for fixed period in bank is called _____________ deposit.
(a) Fixed
(b) Current
(c) Recurring