GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Bank would usually allow opening of a current account to ____?
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Lunatic person
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Illiterate person
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Minor Customer
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None of the Above
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Explanation:
Detailed explanation-1: -A current account can easily be opened with only an undertaking. The borrower can maintain current accounts with any one of the banks with which it has a CC/OD facility, the bank has at least 10 percent of the exposure of the banking system to that borrower.
Detailed explanation-2: -A current account is a bank account where you can store and withdraw money. Most banks offer a range of current accounts that have different features, so you can find an account that best suits your needs.
There is 1 question to complete.