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Flashcards in Banking Deck (71):
1

Banking

2 points

2

Bank

6 points

3

Central Bank

6 points

4

Commercial banks

6 points+ 3 types

5

Industrial banks

3 points +4 functions

6

Merchant banks

2 points

7

Exchange banks

3 points+4 services

8

Agricultural banks

5 points

9

Cooperative banks

9 points

10

Post office savings banks

4 points

11

Indigenous banks

5 points

12

Functions of commercial banks-deposits

4 types of deposits

13

Functions of commercial banks-credit

4 types

14

Agency function of commercial bank

5 points

15

General utility functions of commercial banks

6 points

16

Central bank

4 points

17

Functions of central bank

10 functions

18

Clearing house function

4 points +3 adv

19

Commercial banks and business world

7 points

20

Banks in economic development

5 points

21

Diff between central bank and commercial bank

10 points

22

Advantages of opening a bank account

6 points

23

Cheques

2 points

24

Parties involved in a cheque

3 points

25

Features of a cheque

7 points

26

Details in a cheque

4 points

27

Precautions while filling cheque

6 points

28

Advantages of cheque

8 points

29

Disadvantages of cheque

4 points

30

Bearer cheque

4 points

31

Order cheque

4 points

32

Account payee cheque

2 points

33

Open cheque

3 points

34

Crossed cheque

4 points

35

Blank cheque

1 point

36

Stale cheque

3 points

37

Post dated cheque

2 points

38

Outstation cheque

2 points

39

Mutilated cheque

2 points

40

Marked cheque

4 points

41

Endorsement of cheque

6 points

42

Rules for endorsement

6 points

43

Crossing cheque

11 points

44

A/c payee crossing

2 points

45

Not negotiable crossing

7 points

46

Types of crossing

2 types

47

Reasons of dishonour

10 points

48

Pass book

3 points +3 adv

49

Bank draft

7 points

50

Pay in slip book

8 points

51

Traveller's cheque

5 points

52

Bill of exchange

2 points

53

Features of bill of exchange

5 points

54

Parties involved in bill of exchange

3 points

55

Dishonour of bill of exchange

3 points

56

Discounting of bill of exchange

4 points

57

Promissory note

2 points

58

Features of promissory note

5 points

59

Parties for promissory note

2 points

60

Hundies

4 points

61

Diff between open and crossed cheque

5 points

62

Diff between bearer and order cheque

5 points

63

Diff between cheque and bank draft

4 points

64

Diff between bill of exchange and cheque

5 points

65

Diff between bill of exchange and promissory note

5 points

66

Diff between promissory note and cheque

4 points

67

Demat account

6 points

68

Debit card

6 points

69

Credit card

4 points

70

Diff between debit and credit

2 points

71

ATM

5 points