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प्रश्न
Select the proper option from the options given below and rewrite the completed sentence.
There is no limit on the frequency of withdrawals from a ______.
पर्याय
Saving account
Fixed account
Current account
उत्तर
There is no limit on the frequency of withdrawals from a current account.
Explanation:
Current accounts are generally meant for business class people, as they make and receive a large number of business payments. These people often need to make huge payments on a regular basis; therefore, they use current accounts in which there are no restrictions on the number of withdrawals that can be made.
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संबंधित प्रश्न
Distinguish between:
Current Account and Fixed Deposit Account
Answer the following question:
Describe the secondary functions of commercial banks.
Explain the functions of commercial banks with an example of each.
Current Account is opened by salaried persons.
Distinguish Between.
Fixed deposit account and Savings account
Answer the following.
Explain agency functions and utility functions of banks.
Explain in detail the different functions of commercial banks.
Current account is suitable for businessmen.