Why is introduction necessary for opening an account with the bank?

Describe General and Special relationship between banker and customer.

State whether each of the following statement is true or false :
(i) An illiterate person cannot open a bank account.
(ii) Monetary policy formulation is one of the main function of commercial bank.
(iii) Basic Bank PLC is a stateowned commercial bank.
(iv) In case of pledge the possession of the security is with the debtor.
(v) A minor cannot accept a bill.