Current accounts - SS2 Commerce Past Questions and Answers - page 1
1
What type of account is designed for day-to-day financial transactions?
A
Savings account
B
Fixed deposit account
C
Current account
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2
Which of the following is required to open a current account?
A
Valid identification documents
B
Proof of address
C
All of the above
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3
What does the bank consider when granting a loan?
A
Credit history
B
Income and employment stability
C
All of the above
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4
What can be used as collateral for a loan?
A
Vehicles
B
Property
C
All of the above
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5
What does the bank evaluate when determining loan repayment capacity?
A
Credit history
B
Financial statements
C
All of the above
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6
What is the primary purpose of a current account?
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7
Why does a bank manager consider credit history when granting a loan?
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