Question 12 MarksWhich style and format is to be followed in bank correspondence ?AnswerSimple style, precise language, punctuality, and proper format need to be followed.View full question & answer→
Question 22 MarksDue to which modern services have banks become speedier and customer oriented?AnswerOnline and mobile banking services.View full question & answer→
Question 32 MarksWhich two types of account is required to get banking services?AnswerTwo types of Accounts are Saving account and Current account.View full question & answer→
Question 42 MarksGive information about various types of banks.AnswerOn the basis of Functions performed, Banks can be divided into different types like commercial banks, Foreign banks, Industrial banks, Agriculture banks, Saving banks, Indigenous bank, Central bank.View full question & answer→
Question 52 MarksMention two main functions of bank.AnswerBank performs mainly two functions:- Accepting Deposit and Lending of Funds.View full question & answer→