i. A company usually opens ________ account in a bank.  (a) Current  (b) Saving  (c) Recurring

Select the correct answer from the options given below and rewrite the statement:

i. A company usually opens ________ account in a bank. 

(a) Current 

(b) Saving 

(c) Recurring

ii. Bank is a _____________ institution.

(a) financial 

(b) social 

(c) cultural

iii. The appointment of banker is usually made by the ________ 

(a) Board of Directors 

(b) Secretary 

(c) Chairman

iv. Resolution for opening Bank Account is passed in the ______ meeting. 

(a) Board

(b) Statutory 

(c) Annual General

v. Bank provides overdraft facility to _________ account holder. 

(a) Current 

(b) Saving 

(c) Fixed Deposit

vi. _____________ is used for depositing cash into a bank account. 

(a) Pay-in-slip 

(b) Withdrawal slip 

(c) Cheque

vii. Borrowing/Accepting and lending money are considered as _______ functions of bank. 

(a) Primary 

(b) Secondary 

(c) Agency

viii. Withdrawals are not permitted from the _______ deposit account. 

(a) Fixed 

(b) Current 

(c) Savings

ix. _______ account is suitable to salaried people. 

(a) Savings 

(b) Current 

(c) Fixed

x. Generally Interest is not paid on ________ deposit account. 

(a) Current 

(b) Saving 

(c) Fixed

xi. A deposit which is kept for fixed period in bank is called _____________ deposit. 

(a) Fixed 

(b) Current 

(c) Recurring