Banking unit3

What does CASA stand for in banking?

• Credit and Saving Account

• Current and Savings Account

• Cash and Saving Account

• Central and Savings Account

Which type of account is suitable for businesses for frequent transactions?

• Fixed Deposit

• Recurring Deposit

• Savings Account

• Current Account

In which type of deposit account is money deposited for a fixed tenure at a fixed interest rate?

• Recurring Deposit

• Current Account

• Fixed Deposit

• CASA Account

Jan Dhan Yojana was launched in which year?

• 2010

• 2012

• 2014

• 2015

What is the maximum balance limit for Jan Dhan accounts?

• ₹50,000

• ₹1,00,000

• ₹10,000

• No limit

KYC stands for:

• Know Your Code

• Know Your Credit

• Know Your Customer

• Know Your Currency

Which document is not typically accepted for KYC?

• Aadhaar

• PAN Card

• Electricity Bill

• Library Card

A passbook is used in which type of account?

• Fixed Deposit

• Savings Account

• Credit Card

• Loan Account

Which is more environmentally friendly and preferred by banks now?

• Passbook

• Physical Statements

• e-Statement

• Cheque Book

A minor can operate which account under supervision?

• Fixed Deposit

• Current Account

• Savings Account

• Credit Account