A minor can open and operate an account in his own name if he has atleast attained the age of
A) 12 years
B) 16 years
C) 15 years
D) none of the above
Correct Answer:
Verified
Q14: A and B have jointly hired a
Q15: Pay order is issued by the banks
Q16: When a banker collects a cheque for
Q17: Merchant banking includes
A)managing issue of shares
B)opening branches
Q18: In case of ………….days of grace are
Q20: .The person appointed to operate the account
Q21: A joint account can be opened by
Q22: A minor cannot
A)accept a bill
B)draw a bill
C)endorse
Q23: .The interest and principle amount of a
Q24: Banks create money by
A)liberal credit
B)differential instrument
C)accepting deposit
D)all
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