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प्रश्न
Differentiate between Savings Deposit and Current Deposit.
Differentiate between current and saving deposits.
What is the difference between saving account and current account?
उत्तर
| Basis of Comparison | Savings Deposit Account | Current Deposit Account | |
| 1. | Object | To develop the habit of saving. | To carry on business dealings. |
| 2. | Period of deposit | No fixed period. | No fixed period. |
| 3. | Frequency of deposits | Any number of times. | Any number of times. |
| 4. | Number of withdrawals | Restriction on the number of withdrawals. | There is no restriction on the number of withdrawals. |
| 5. | Interest | Low rate. | No interest, but a bank charge. |
| 6. | Overdraft facility | Not available. | Available. |
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संबंधित प्रश्न
What are Commercial banks?
Name one commercial bank in India.
What are term/time deposits?
______ is a revolving credit arrangement.
A depositor is allowed to withdraw more money than what is there in his account:
- What is the facility called?
- In which type of account is it permitted?
Assertion (A): Central Bank provides loans to the commercial bank in the situation of financial distress.
Reasoning (R): Central Bank can order the government to help the bank facing the financial crisis.
Explain the features of savings bank account.
Explain any two Lending Money functions of Commercial Banks.
State the differences between a loan and an overdraft.
Commercial banks accept deposits, lend money and provide other services.
What are the two main functions of a commercial bank?
Distinguish between:
cash credit and loan.
Demand deposits include ______ and _______.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Commercial Banks keep only a fraction of deposits as Cash Reserves and use the remaining deposits for given loans, etc.
Reason (R): All the depositors of Commercial Banks do not approach the banks for withdrawal of money at the [iame time and also they do not withdraw the entire amount in one go.
Mention primary functions of commercial banks.
What are saving bank accounts?
What is the difference between a loan and an overdraft?
Why are commercial banks called producers (creators) of money? Explain.
Explain three main features of a current bank account.
