How does a cheque differ from a bank draft?

A cheque is issued by the account holder and can be dishonoured; a draft is issued by the bank itself, so payment is more assured.

Does the central bank open accounts for the public?

No. Bangladesh Bank frames monetary policy, issues notes, supervises banks and manages reserves — a commercial bank’s work is separate from that.

How deep should my knowledge of terms be?

Deep technical knowledge is unnecessary. Boards usually ask how two nearby ideas differ, so keep those distinctions clear.

Banking Terminology for the Bank Viva

বাংলায় পড়তে চাও? দেখো: ব্যাংক ভাইভার জন্য ব্যাংকিং পরিভাষা

A question on banking terminology is near certain, but boards rarely want a bare definition. The question is usually about the difference between two nearby ideas, because that is where it shows whether a candidate memorised or understood.

Types of account

Type	Key feature
Current account	Frequent transactions, for business
Savings account	Personal saving, limited transactions
Fixed deposit	Placed for a fixed term
Recurring deposit	A set instalment each month

The distinctions boards ask about

A cheque against a bank draft.
A credit card against a debit card.
Secured against unsecured lending.
An overdraft against a term loan.
A scheduled against a non-scheduled bank.

The role of the central bank

Bangladesh Bank is the country’s central bank and its work differs entirely from a commercial bank’s — it does not open accounts for the public but frames monetary policy, issues notes, supervises banks and manages foreign exchange reserves. Boards test this distinction often, so the two roles must not be conflated.

The basics of international transactions

A few ideas tied to import and export come up regularly — what a letter of credit is and why it exists, how an export bill is settled, by what route remittances arrive. Deep technical knowledge is not needed, but the basic picture of which instrument serves which purpose is.