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What type of information is recorded daily by banks to track financial activities?
  • a)
    Only account holder personal details
  • b)
    Transaction details and cash denominations
  • c)
    Only employee registrations
  • d)
    Locker ownership statuses
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What type of information is recorded daily by banks to track financial...
Banks maintain comprehensive records of various transactions, which include details about cash denominations and the specifics of each transaction made throughout the day. This meticulous tracking is essential for managing accounts effectively and ensuring financial accuracy. An interesting fact is that such daily records help banks in fraud detection, allowing them to identify unusual patterns in transactions that may indicate suspicious activities.
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What type of information is recorded daily by banks to track financial activities?a) Only account holder personal detailsb) Transaction details and cash denominationsc) Only employee registrationsd) Locker ownership statusesCorrect answer is option 'B'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What type of information is recorded daily by banks to track financial activities?a) Only account holder personal detailsb) Transaction details and cash denominationsc) Only employee registrationsd) Locker ownership statusesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What type of information is recorded daily by banks to track financial activities?a) Only account holder personal detailsb) Transaction details and cash denominationsc) Only employee registrationsd) Locker ownership statusesCorrect answer is option 'B'. Can you explain this answer?.
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