Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 11 - Correspondence with Banks [Latest edition]

Select the correct answer from the options given below and rewrite the statement.
A company usually opens _____________ account in a bank.

Select the correct answer from the options given below and rewrite the statement.
Bank is a _______  institution

Select the correct answer from the options given below and rewrite the statement.
The appointment of banker is usually made by the _______.

Select the correct answer from the options given below and rewrite the statement.
Resolution for opening Bank Account is passed in the _________  meeting.

Bank provides an overdraft facility to ______ account holders.

Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.

Select the correct answer from the options given below and rewrite the statement.
Borrowing/Accepting and lending money are considered as _______  functions of bank.

State whether the following statement is true or false :
It is necessary to instruct the bank to stop payment of a cheque which is lost.

Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.

Select the correct answer from the options given below and rewrite the statement.
__________ account is suitable to salaried people.

Select the correct answer from the options given below and rewrite the statement.
Generally Interest is not paid on ___________ deposit account

Match the pairs.

Write a word or a term or a phase which can substitute the following statement:
A slip used for depositing cash and cheque in the Bank account.

Write a word or a term or a phase which can substitute the following statement:
Permission to withdraw excess amount from Current Account.

Write a word or a term or a phase which can substitute the following statement:
Separate loan account under which the short term loan facility given by bank to the business

Write a word or a term or a phase which can substitute the following statement:
The short term credit facility given by bank to current account holder.

Write a word or a term or a phase which can substitute the following statement:
The account which is generally opened by business organization.

Write a word or a term or a phase which can substitute the following statement:
Request of Secretary to the bank not to make the payment of cheque.

Write a word or a term or a phase which can substitute the following statement:
The type of account for which higher rate of interest is paid to bank depositors..

Write a word or a term or a phase which can substitute the following statement:
The slip which is used for withdrawing money from Savings Account.

Write a word or a term or a phase which can substitute the following statement:
Negotiable Instrument which can be discounted with the bank.

State whether the following statement is true or false :
Joint Stock Company opens Current Account.

State whether the following statement is true or false :
Generally no interest is paid by bank on Current Account.

State whether the following statement is true or false :
In cash credit, customers account is credited by bank with sanctioned amount

State whether the following statement is true or false :
Board resolution is not required to open the Current Account with the bank.

State whether the following statement is true or false :
Bank account of company is operated by shareholder.

State whether the following statement is true or false :
Overdraft facility is granted to Savings account holders.

State whether the following statement is true or false :
Bank correspondence should be brief and to the point.

State whether the following statement is true or false :
Bank overdraft facility is a long term facility.

State whether the following statement is true or false :
 Banks grant long term loans only.

Find the odd one:

Find the odd one:

Complete the sentence:
A financial institution which receives deposits and lends money is called as __________

Complete the sentence:
Accepting deposits and lending money are the primary functions of ______

Complete the sentence:
A facility under which a customer can overdraw money from his account is called as ___________.

Select the correct option from below

Select the correct option from below

Select the correct option from below

Select the correct option from below

Complete the sentence:
Overdraft facility is given to __________.

Answer in one sentence:
What is a Letter of Credit?

Answer in one sentence:
Which facility is given to Current Account holder?

Answer in one sentence:
 What do you mean by stop payment of cheque?

Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.

Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.

Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.

 Explain the following term/concept:
 Bank

Explain the following term/concept:
Demand Deposits

Explain the following term/concept:
Time Deposits.

Explain the following term/concept:
Savings Deposits

Explain the following term/concept:
Current deposits

Explain the following term/concept:
Recurring deposits

Explain the following term/concept:
Fixed deposits

Explain the following term/concept:
Loans

Explain the following terms/concept:
Advances

Explain the following term/concept:
Cash Credit.

Explain the following term/concept:
Overdraft

Explain the following term/concept:
Discounting of Bills

Explain the following term/concept:
Letter of Credit

Explain the following term/concept:
Stop payment of cheque

Distinguish between the following:
Current account and saving account:

Distinguish between the following:

Loan and overdraft

Distinguish between the following:
 Fixed deposit account and recurring deposit account

What are the points to be kept in mind by a Secretary while corresponding with Banks?

Under what circumstances will a Secretary correspond with the Banks?

State the Agency functions of Banks.

State the utility Function of banks

Explain the different types of deposits

Justify the following statement
The secretary has to correspond with bank under certain circumstances?

Justify the following statement:
The secretary should observe certain precautions while corresponding with the bank?

Justify the following statement:
The primary function of commercial banks include-Accepting deposits and leading funds?

Justify the following statement:
The bank accept two types of deposits from the public i.e. demand and time deposit?

Justify the following statement:
There is a difference between Loans and Advances given by the Bank.

Justify the following statement:
Overdraft facility is given only to current depositors?

Attempt the following:

Write a letter to bank for opening a current account

Attempt the following:

Write a letter to the bank to stop payment of cheque.

Attempt the following:

Write a letter requesting the bank to issue a letter of credit.

Attempt the following:

Write a letter requesting the bank for granting overdraft facility