G.K. Questions on Banking
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Find the total amount of outgoings (money going out of the bank account)
Joan wants to open a checking account and wonders if checking accounts pay interest. How would you answer her question?
Checking accounts never pay interest
Some types of checking accounts pay interest
All checking accounts pay interest
Checking accounts pay interest if the account balance does not fall below $300
Students should NOT be using the bathrooms between class periods.
I ..... most of my money in food and candies.
Internet banking refers to
operation of account through internet
opening of account through ATM
both (a) and (b)
none of above
What type of payment is widely used more than any other?
Credit card purchases
How can a guarantee being terminated?
Full repayment of the loan sum.
Death, mental incapacity, or bankruptcy of either the principal debtor or guarantor.
In the absence of any other specific provisions in the contract of guarantee, death of the guarantor operates as revocation of a continuing guarantee.
All the above.
Name the micro finance company that becomes the first to start operation as a commercial bank
Pay Tm Bank
Vodafone M Pisa Bank