State whether the following statement are True or False with reason :
Businessman generally operates savings bank account.
1 Answers
Talk Doctor Online in Bissoy App
Oriental Bank, Vijaya Bank, Andhra Bank, HDFC Bank.
1. HDFC Bank 2. Air India
2 Answers 1 views
Receipts and payments Account is a - (A) Personal Account (B) Real Account (C) Nominal Account
Correct option is: (B) Real Account
2 Answers 1 views
Current Account is - (A) Personal Account (B) Real Account (C) Nominal Account (D) None of these
Correct option is: (A) Personal Account
2 Answers 1 views
i. Joint Stock Company opens Current Account. ii. Generally, no interest is paid by the bank on the Current Account.
i. True ii. True iii. True iv. False v. False vi. False vii. True viii. True ix. False x. False
2 Answers 1 views
i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.
i. Accepting deposits is the primary function of Banks. ii. Businessman opens Current Account. iii. Under an overdraft facility, a businessman/account holder can overdraw from his account.
2 Answers 1 views
Distinguish between the following: Current Account and Savings Account.
2 Answers
1 views
Visit a Bank and collect the form of opening a bank account and find out. The detail to be filled in and Documents needed to open an account.
Yesterday, I visited the IDBI Bank of India, Sangamer Branch. I collected the account opening form from Mr. Abhay Kulkarni Bank Officer. The following are the details to be filled in in...
2 Answers 1 views
Farhan opens a savings bank account on `5-5-2007` in UTI Bank by depositing Rs.1000. The interest paid by the band, if the closed her account on `4-1-
Correct Answer - Rs. 40.
2 Answers 1 views
Charan opens a savings bank account on `6-3-2007` depositing Rs. 750 in Union Bank of India. He deposit Rs.1000 on `15-3-2007` and withdraws Rs. 500 o
Correct Answer - Rs. 750
2 Answers 1 views
Sekhar has a savings account in a bank with an annual interest rate of 5%. If the inflation rate goes up to 7%,
B) It will decrease
2 Answers 1 views