1. Savings accounts contain some restrictions regarding..........
(a) Number of withdrawals per quarter
(b) Amount of withdrawals per transaction in ATM
(c) Number of deposits into the account per quarter
(d) Both (a) and
(b) above
2. Overdraft is allowed generally by banks in.........
(a) Savings accounts
(b) Term deposit accounts
(c) Current accounts
(d) Recurring deposit accounts
3. A bank’s Fixed Deposit is characterized by.........
(a) Fixed/Floating interest rate as agreed with the customer at the time of the deposit
(b) Fixed period of the deposit
(c) Periodical Repayment of interest
(d) A the above
4. Fixed deposits cannot be.........
(a) Renewed for a further period on maturity date
(b) Transferred to third parties
(c) Pre-paid before the maturity date
(d) All the above
5. A Recurring Deposit account requires the customer to..........
(a) Deposit any amount at specified intervals for a specified period
(b) Deposit a fixed amount at will for a specified period
(c) Deposit a fixed amount at specified intervals for any period
(d) Deposit a fixed amount at specified intervak for a specified period
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