Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above
Last Answer : d) All the above
Description : Which slip is used in a Bank while depositing money? a. Depository slip b. Withdrawal slip c. Pay-in-Slip d. No Slip is used.
Last Answer : c. Pay-in-Slip
Description : Ruling on depositing money in Al-Baraka Islami Bank ? I manage a few accounts of a company. The company has accounts in several interest bearing banks. Note that account holders only open current accounts and ... income tax and duties or in other similar sectors ? Or can it be used in any sector ?
Last Answer : One: It is haraam to deposit money in an interest-bearing bank without the need to save money. For that, it should be limited to depositing money in (current bank's) current account. It is not permissible to ... It can be eaten. And if it can be kept in a better and cleaner bank then that is better.
Description : (i) A bound book of Account. (ii) The credit balance of the Bank Account.
Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) A bound book of Account ... . (v) The right-hand side of an account.
Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above
Description : Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent ... HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above
Last Answer : e) All the above
Description : An account which is maintained by depositing undistributed parts of profit for future needs is known as ________ A. Savings Account B. Current Account C. Reserve Account D. None of the Above
Last Answer : C. Reserve Account Explanation: Funds taken out of earnings to provide for anticipated future payments is called Reserve Account.
Description : i. A company usually opens ________ account in a bank. (a) Current (b) Saving (c) Recurring
Last Answer : Select the correct answer from the options given below and rewrite the statement: i. A company usually ... ) Fixed (b) Current (c) Recurring
Description : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above
Last Answer : d) Any one of the above
Description : ................. uses electronic means to transfer funds directly from one account to another rather than by cheque or cash? (A) M-Banking (B) E-Banking (C) O-Banking (D) C-Banking
Last Answer : (B) E-Banking
Description : Cheque deposited into Bank increases the Bank balance as per Cash Book.
Last Answer : State whether the following statement are True or False with reason : Cheque deposited into Bank increases the Bank balance as per Cash Book.
Description : When cheque is ________ into bank Cash Book is debited.
Last Answer : When cheque is ________ into bank Cash Book is debited. (a) written (b) issued (c) deposited (d) dishonoured
Description : 1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645.
Last Answer : Enter the following transaction of Hariram Bros, in a cash book with cash and bank column for the month of ... the bank all cash in excess of ₹ 5,000.
Description : (i) Issue of Bearer cheque record on payments side of cash book in Bank Column.
Last Answer : Do you agree with the following statements : (i) Issue of Bearer cheque record on payments ... transactions are recorded in the cash book only.
Description : Cheque card issued by a bank which guarantees the payment of_______ within prescribed limit. (a) Cheque b) purchase c) cash
Last Answer : (a) Cheque
Description : Have you ever made use of the option to withdraw money from your bank account at the supermarket checkout?
Last Answer : Yes. It costs me 50 cents to make a withdrawal of any amount of money in excess of my bill. I have done it a few times for the convenience, but I hate paying a fee.
Description : How to setup my Paypal account to automatically withdraw money from my bank account?
Last Answer : answer:In Paypal, Go to Profile Once in your profile, on the left side of the screen under My Personal Info click on My Money Once in My Money Bank Accounts should be the first listing you ... never transferred money into my account. I just have a bank account set as my primary form of payment.
Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C
Last Answer : d) Either B or C
Description : If a bank account is only overdrawn by 85c, can they still 'bounce' a customer's cheque?
Last Answer : It doesn’t matter if it’s 85 cents or 85 dollars. To a bank, overdrawn is overdrawn.
Description : The SCSS account transferred one Post office to another post office a) Rs 5/- per lac will be charged where the deposit is Rs 1 lac and above b) Rs 10/- per lac will be charged where the deposit is Rs 1 ... No fee will be charged d) Both the A and B( The fee will be paid by cash through pay in slip
Last Answer : d) Both the A and B( The fee will be paid by cash through pay in slip
Description : The cash bag should always be sent to the account office by the BPM enclosed on the______ a) BO daily account b) SO daily account c) BO Slip d) SO slip
Last Answer : a) BO daily account
Description : A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above
Description : When a remittance is made to a SO through a special carrier, in which document a remark should be written for the information of SPM as to how the money was sent a) In SO daily account b) In SO Slip c) In HO summary d) In treasurer cash book
Last Answer : b) In SO Slip
Description : An account bag from the Head Office to Sub office contain a) The SO slip, b) A cash bag containing cash including postage stamps c) IPO, Saving certificate, for sales d) SB Slip (SB 27), BO daily account after check, Blank MO forms for sale e) All the above
Description : When an urgent demand for additional funds is received form a sub office, after the daily account bag for the office has been dispatched a) An urgent demand will not be entertained in any case after bag dispatched ... and enclosed in an extra account bag. d) Both the A and B e) None of these
Last Answer : d) Both the A and B
Description : ________ is a cheque rather an amount of cheque, which is above the balance available in the account of the payer. A. Travellers cheque B. Multicity Cheque C. Mutilated Cheque D. Over Draft
Last Answer : D. Over Draft Explanation: An overdraft is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it.
Description : Mark the correct option a) No cheque collection charge is to be charged in Worker wage accounts b) Workers wage account cannot be transferred from one post office to another Post office c) No ... workers wage account d) No amount is required for opening worker wage accounts e) All the above
Description : What is minimum amount may be withdrawn by a cheque from a cheque saving account? a) Rs 500/- b) Rs 100/- c) Rs 100/- d) Rs 20/
Last Answer : d) Rs 20/
Description : Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass book ... added in a saving account may not be treated as transaction in that account d) All the above
Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft
Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."
Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft
Last Answer : an overdraft
Description : (i) A temporary account opened to rectify the entry is known as suspense A/c.
Last Answer : Do you agree or disagree with the following statements. (i) A temporary account opened to rectify ... and rules are known as Errors of Principle.
Description : How much cash can you withdraw without IRS notified?
Last Answer : Feel Free to Answer
Description : Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, ... entered in remarks column d) All documents sent to along with the daily account e) All the above
Description : Reasons for holding cash balances in excess of the prescribed maximum an below prescribed minimum and the reasons for holding stamps balances excess should be recorded in a) Postmaster daily dairy b) Rough daily account c) Daily account cash excess column d) Remarks column of daily account
Last Answer : d) Remarks column of daily account
Description : The reason for keeping excess cash should be recorded in ------------- a. HO Summary b. Treasure’s Cash Book c Cash Account
Last Answer : a. HO Summary
Description : A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks
Last Answer : (1) Cash in the vault Explanation: A commercial bank is a profitseeking business, dealing in money and credit. It is a financial institution dealing in money in the sense that it accepts deposits of ... received as the deposits to needy people. So it creates credit from the cash deposits with it.
Description : A commercial bank law creates credit only if it has (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) Cooperation of other banks
Last Answer : Cash in the vault
Description : 1 Started business with cash ₹ 30,000. 2 Opened a current account with the bank and deposited ₹ 9,000.
Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.
Description : i. A director can be removed before the expiry of his term. ii. Directors act as trustees of the company.
Last Answer : State whether the following statements are True or False: i. A director can be removed ... meetings. vi. Director can take decisions individually.
Description : i. Process of communication, conveying a message in spoken form. ii. A set of interconnected web pages located on a single web domain.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... . vi. Audio-Visual means of electronic communication.
Description : i. A meeting of shareholders which is held once a year. ii. A meeting of shareholders is held between two annual general meetings.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... A meeting of the preference shareholders of a company.
Description : Payment for purchase of a certificate may be made by a) Cash or cheque b) Pay order or DD c) Matured Certificate/SB Wdl d) All the above
Description : Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque
Last Answer : d) E-cheque
Description : Which one is not an offline payment mode? a) Cash on delivery b) Cash before delivery c) Demand draft d) E-cheque
Last Answer : b) Cash before delivery
Description : From the following duties , which is not entrusted as duty of treasurer a. Drawing cheque b . supply fund from the office cash c. receive cash from postman
Last Answer : a. Drawing cheque
Description : Payment of the fees can be made through a) cheque c) demand draft b) cash d) none of above
Last Answer : demand draft
Description : Which one is an online payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque
Last Answer : d. e‐cheque
Description : Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque
Last Answer : a. Cash on delivery
Description : Which one is not an offline payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque