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प्रश्न
A ______ is meant for day to day transactions.
विकल्प
Current account
Saving account
Fixed deposit account
Recurring deposit account
उत्तर
A Current account is meant for day to day transactions.
Explanation:
A current account is typically used for day-to-day transactions. It is intended for frequent and consistent use, allowing businesses and individuals to deposit and withdraw funds as needed, with no limit on the number of transactions. It is widely used by organizations, dealers, and professionals to manage operational and transactional requirements.
संबंधित प्रश्न
Mention two differences between fixed deposits and demand deposits.
Define a commercial bank.
What are term/time deposits?
What are current accounts?
Identify the agency functions of the commercial banks from the following:
Explain any two Lending Money functions of Commercial Banks.
Commercial banks accept deposits, lend money and provide other services.
Differentiate between current deposit account and fixed deposit account.
Write short notes on the primary functions of commercial banks.
Give two differences between recurring deposits and fixed deposits.
