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प्रश्न
Explain any one type of term deposit.
उत्तर
Type of term deposit:
Short term and long term deposits - These term deposits are divided into two categories based on the investment's holding length. A short term deposit has a tenure of one to twelve months. Lock-in periods for long-term deposits range from one to ten years. These savings accounts pay a higher interest rate than short-term savings accounts.
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संबंधित प्रश्न
State two advantages of a bank account.
Name one commercial bank in India.
What are current accounts?
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 any two Lending Money functions of Commercial Banks.
The current account holders are not given interest on their deposits. The reason being:
Give two advantages of depositing money with commercial banks.
What is the difference between a loan and an overdraft?
How do commercial banks invest their surplus funds?
Which of the following is a function of a commercial bank? Give a reason to support your answer:
