Question

Which of the following statements are true and which are false?
(i) Pay-in-slip is required to be used while opening a savings bank
account.
(ii) Withdrawal form cannot be used by an account-holder if he/she
uses cheques for withdrawing cash from savings bank account.
(iii) A savings bank account-holder cannot introduce another person
at the time of opening a savings bank account.
(iv) The Pass Book must be presented by the account-holder for
entering deposits and withdrawals by the bank.
(v) Application form for opening a savings bank account is available
free of charge.
(vi) To make payment to a third party by cheque, the name of the
party must be mentioned on the cheque.
(vii) Cheque Book is issued by the bank only on the request made
by an account-holder.
(viii) A Pass Book is issued by the bank immediately after opening
of the savings bank account.

Answer 1

Answer:

1) False

2)False

3) True

4) False

5)True

6)True