Question

Match the correct pairs:Group A
a. RBI
b. Overdraft
c. Saving account
d. ATM
e. Fixed deposit account

Group B
1. Recurring deposit account
2. 12 hours service
3. Withdrawals after fixed period of time
4. Central Bank
5. Current Account
6. Salaried people
7. 24 hours service
8. Commercial bank
9. Cash credit
10. Withdrawal before fixed period of time

Answer 1

RBI =4
ATM= 7
Fixed deposit account =3
saving account =6
overdraft=5

Answer 2

Answer:

The columns are matched and given as follows:

a. RBI - Central Bank

b. Overdraft - current account

c. Saving account- salaried people

d. ATM - 24 hours service

e. Fixed deposit account- withdrawals after a fixed period of time.

These are important terms with respect to the banking industry where the Reserve Bank of India plays the role of the central monitoring agency whereas all other commercial banks function by following its rules and guidelines.