Exam 2: Banking and Finance Terminology

Interest on fixed deposit is compounded-------------.

Banks maintain customer's a/c both for ----------- and -------------.

If a cheque is torn into two or more pieces and presented for payment is called a-------------

The minimum period for which a commercial bank can accept term deposit is ----------.

A cheque is-------------------.

-----------cheque cannot be transferred from one person to another person by mere delivery.

As per the Act Negotiable instrument means--------

The minimum investment of recurring deposit varies---------.

------------ is an anti money laundering measure specified in the prevention of money laundering act 2002.

A fixed deposit is meant for those investors who want to deposit a ----------- of money for a fixed deposit.

----------lender of last resort.

--------------is a quasi judicial authority appointed by the RBI to redress customer complaints against certain deficiency in banking services.

Bill of exchange is a------------

Cheque in which the drawer mentions the date earlier to the date of presenting it for payment is called -----------

---------cheque is easily transferred from one person to another by mere delivery

--------------are running a/c with unlimited operational facilities.

If a cheque has bears a date which is yet to come is termed as a

To constitute a -----------there must be some recognizable course or habit of dealing in the regular banking business.

----------a/c is opened by NRIs in Indian Banks

The banking Ombudsman scheme was first introduced in-----------.