Tag: banking and taxation
Questions Related to banking and taxation
State the following statement is True or False
In fixed deposit account ,bank does not provide interest
_______ account is opened by the people with limited income.
State the following statement is True or False
In fixed deposit account, the bank provides interest at fixed rate.
The withdrawal of amount from bank account is known as.
The minimum amount required to open a savings bank account is ____
Banks do not pay any interest on __________accounts. Rather, banks impose service charges for running these accounts.
Bank pass book is also known as _____________.
The given table shows the bank transaction of Ram.
Month | June | July | August |
---|---|---|---|
Deposit (Rs.)Withdrawal(Rs.) | 2x - y + zx-y - z | x + by + 3zx- by + 3z | x + 4z2x - 3z |
His balance for the month of September is
Ajit opens a bank account by depositing Rs $20,000$. At the end of each year, he withdraws a sum of money that makes the balance exactly half of what it was in the beginning of the year. If the bank pays $10\%$ interest, what is the total amount withdrawn by Ajit at the end of three years?
A man saves $Rs.200$ in each of the first three months of his service. In each of the subsequent months his saving increases by $Rs.40$ more than the saving of immediately previous month. After how many months his total savings from the start of service will be $Rs.11040$.