In____________ account the depostior is poid a lum sum payment after the expiry of the fixed period during which the account holder deposits small amonts at regular intervals (i.e monthly)
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(Modern Small Scale Industries, Challenges before Small Scale Industries, Traditional Small Scale Industries, Importance of Small Scale Industries)
Group A Group B (1) Hand loom, Handicraft, Coir, Sericulture Traditional Small Scale Industries (2) Modern Small Scale Industries Bicycles parts, sewing machines, Blades, Razor, Electric Appliances, Spare parts (3) Job opportunities, Regional balance, Reduce migration, Maximum...
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Receipts and payments Account is a - (A) Personal Account (B) Real Account (C) Nominal Account
Correct option is: (B) Real Account
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Current Account is - (A) Personal Account (B) Real Account (C) Nominal Account (D) None of these
Correct option is: (A) Personal Account
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i. A director can be removed before the expiry of his term. ii. Directors act as trustees of the company.
i. True ii. True iii. False iv. True v. False vi. False
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Which facility is given to the Current Account holder?
Overdraft facility is given to Current Account Holder by the Bank.
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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.
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The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.
The basic aim of the bank is to pool the excess money to the bank and develop the habit of saving amount people. Bank accepts deposits in two forms i.e. Demand...
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(i) Type of bank account in which money is deposited for a fixed period of time.
(i) Fixed Deposit Account (ii) Cheque (iii) Crossed Cheque (iv) Endorser (v) Endorsee
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Bhavya opened a saving bank account in a bank on `7-7-2007` with a deposit of Rs.500 since then the neither deposited nor withdraw any amount. The amo
Correct Answer - Rs. 1500
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Under a recurring deposit, a depositor is paid a lump sum payment after the period for which the deposit is made. This lump sum payment is called `"__
Correct Answer - Maturity
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