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प्रश्न
Current Account Saving Account
उत्तर
Current Account Saving Account
|
Sr. No. |
Basis of Difference |
Current Account |
Saving Account |
|
1.
|
Meaning |
It is that account which is maintained by businessman and others who have regular transaction. |
It is that account which is opened by individuals in order to save a part of their income. |
|
2. |
Withdrawals |
Customers can withdraw money by cheques. |
Customers can withdraw either by cheques or by withdrawals slip along with passbook. |
|
3. |
Facilities |
The bank gives a passbook, cheque book, statement of account and pay-in-slip book to the customers. |
The bank gives a pas book, cheque book and pay-in-slip book to the customers. |
|
4. |
Who takes it |
It is suitable for traders, businessmen, firms or institutions. |
It is suitable for fixed income group, wage or salary earners. |
|
5.
|
Constraintson operation and withdrawals |
There are no restrictions on the operation of a current account as long as there is balance in the account. |
The customers have certain restrictions on withdrawals. |
|
6. |
Rate of interest |
Normally, interest is not given. |
Interest rate is low. |
|
7. |
Nature of Account |
It is of continuous nature. |
It is of continuous nature. |
|
8. |
Facilities |
Temporary overdraft facility is given |
No overdraft facility is given. |
APPEARS IN
संबंधित प्रश्न
Cash can be withdrawn from ATM at any time.
Function of Commercial Bank? Only Primary Function?
Distinguish between the following:
Savings account & Fixed account
Distinguish between the following:
Loan & Overdraft
Distinguish between the following:
Commercial bank & Central bank
Write Short Note on the following:
Primary functions of commercial banks
Write Short Note on the following:
Agency functions of commercial banks
Write Short Note on the following:
Utility functions of commercial banks
Answer the following question in short:
State the primary functions of banks.
Answer the following question:
What is commercial bank? Explain its primary functions.
Answer the following question.
Explain discounting bills of exchange as one of the functions of the banks.
The secondary function of commercial banks?
Read the passage given below and answer the questions that follow.
|
The Monetary Policy Committee (MPC) increased the repo rate, at which the RBI lends short-term funds to commercial banks, from 6.25 percent to 6.50 percent. This increase in the repo rate is based on the increase in the key rate by 250 bps. The Committee also decided to continue the withdrawal of money supply in the economy. |
- Which function of the central bank is hinted at in the passage given above? (1)
- In which situation does central bank adopt the measure given in the above passage? (1)
- Explain any two monetary measures that can be used to accomplish a similar objective, other than the one given in the above passage. (4)
- Differentiate between Reserve Bank of India and Commercial banks by giving any two points. (2)
