A cheque book is issued to customers of a bank operating a

  • A savings account
  • B time deposit account
  • C current account
  • D fixed deposit account

The correct answer is C. current account

A current account is a type of bank account that allows frequent transactions, such as deposits, withdrawals, and payments. It is designed for day-to-day financial activities.

A current account is often used by individuals and businesses to manage their regular expenses and transactions.

The following are features of a current account

  1. Chequebook: A current account usually comes with a chequebook, which allows the account holder to make payments by writing and issuing cheques.
  2. Overdraft facility: Many current accounts offer an overdraft facility, which allows the account holder to withdraw more money than is available in the account.
  3. Debit card: In addition to a chequebook, current accounts often include a debit card. 
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