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Banking Accounts Quiz

Authored by paridhi bhal

Business

6th Grade

Used 1+ times

Banking Accounts Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of opening a savings bank account?

Interest paid by the bank

No minimum balance required

No interest paid

Unlimited withdrawals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is eligible to open a savings bank account?

Students, pensioners, working professionals

Businessmen

Institutions only

Children under 10 years old

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of a current bank account?

Business-related works

Fixed deposits

Investment in stocks

Savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank account is mostly opened by businessmen and institutions?

Recurring deposit account

Current account

Savings account

Fixed deposit account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the range of months for which a recurring deposit account can be opened?

6 months to 60 months

12 months to 120 months

24 months to 240 months

3 months to 36 months

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main feature of a fixed deposit account?

Interest paid on the account

No maturity date

One time deposit and take away

Withdrawal in instalments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does DEMAT account stand for?

Dematerialized Account

Debit and Credit Account

Deposit and Management Account

Digital Electronic Account

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