Bank Accounts

Here are some MCQs on Bank Accounts

1. Which of the following is not a type of bank account?

a) Savings account

b) Current account

c) Fixed deposit account

d) Credit card account

2. What is the minimum age requirement to open a fixed deposit account in most banks?

a) 16 years

b) 18 years

c) 21 years

d) 25 years

3. What is the maximum limit on the number of withdrawals per month from a savings account in most banks?

a) 2

b) 4

c) 6

d) Unlimited

4. Which type of bank account is primarily used for day-to-day transactions?

a) Savings account

b) Current account

c) Fixed deposit account

d) Joint account

5. Which type of account is most suitable for earning interest on idle funds?

a) Savings account

b) Current account

c) Fixed deposit account

d) Recurring deposit account