
BANKING Q1
Authored by Apiza Latiff
Business
7th Grade
Used 2+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When we pay someone by using a cheque, you cannot force him or her to accept the cheque because a cheque is .....
not a legal tender
just a paper
fake
a toy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A crossed cheque has ........ drawn on its face
two dots
two answers
two crossed lines
two parallel lines
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the advantages of a debit card to a card holder is .....
high interest charged to card holder
no interest charged to a card holder
card holder has to bring a lot amount of money in his pocket
it cannot be used if there is no money in the account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Overdraft facility can only be enjoyed by the ....... holders.
Saving Account
Current Account
Fixed Deposit Account
Accounting
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is an example of a/an ..... cheque.
open
crossed
torn
payee
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not one of the service provided by commercial banks?
night safe facility
issuing travellers cheques
providing loan
providing vending machine
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A disadvantage of this card to the retailer is .......
retailer needs to bring a lot of money with him
there is a limit for retailer to spend
retailer will only received the money once the transactions have been authorised
retailer can spend it unnecessarily
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