Banking and Insurance Operations Quiz

An instruction by the customer to the Bank to pay a specified amount of money on specified dates to a specific payee is known as a

Banks pay interest on money deposited in _________ account.

Which of the following provides the necessary control mechanism to help the firm in discovering irregularities such as unauthorized bank withdrawals?

A businessman cash book has all the following features except

Credit card gives the holder an option to borrow funds usually _______

Standing instructions are known as ________

Debit card acts as replacement for_________

Standing instructions are eco-friendly as they help in reducing paper and time for _______

Different types of general insurance are except. Which of the following is not a type of General insurance?

The section of insurance policy which generally summarizes the terms of contract between parties is ______