Chap#06 Q1 Bank Accounts

Which of the following documents is used for withdrawal of money from a bank?

• Pay in slip

• Pass book

• Cheque book

• None of these

Which bank account is exempted from income tax and Zakat?

• Saving account

• Fixed deposit Account

• Foreign Currency Account

• All of these

Head of any government institution can open account with a bank in the capacity of:

• Consumer

• Principal

• Employee

• None of these

For the bank, the amount of money in the account of accountholder is called:

• Profit

• Interest

• Deposits

• Loan

Bank also accepts ____________________________ as security of loan.

• Current account

• Foreign currency account

• Fixed deposit bank

• None of these

Which of the following accounts is non-transferable?

• Current account

• PLS saving account

• Term Deposit Account

• None of these

For operating a PLS term deposit the customer is provided with which of the following?

• Cheque book

• Pay in slip

• Pass book

• Term Deposit Receipt

In which of the following bank accounts can money be deposited and withdrawn at any time?

• Fixed deposit account

• Current account

• Saving account

• None of these

Pay in slip book is also called _________________________

• Deposit book

• Pass book

• Cheque book

• None of these

What is demanded by a bank at the time of opening a new account?

• Birth certificate

• Source of income

• Educational qualification

• All of these