Money and Banking Quiz 3

Question 1

These are extensively used to withdraw and pay money at present

Accepted Answer

Cheques

Answer

Drafts

Answer

Debentures

Answer

Hundis

Question 2

The age limit to open a savings account is &hellip;&hellip;&hellip;&hellip;&hellip;&hellip; years.

Accepted Answer

10

Answer

7

Answer

15

Answer

18

Question 3

The account for daily transactions

Accepted Answer

Current account

Answer

Savings account

Answer

Savings account & Current account

Answer

None of these

Question 4

The special feature of current account

Accepted Answer

All of these

Answer

countless withdrawals

Answer

Countless deposits

Answer

Bank pays no interest

Question 5

ATM means

Accepted Answer

Automated Teller Machine

Answer

Automatic Teller Machine

Answer

Automatic Telling Machines

Answer

Automated Tellers Matchings

Game Settings