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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Choose the Correct Answer. In which kind of account, it is compulsory to deposit a certain amount at a certain time? - Commerce

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Question

Choose the Correct Answer.

In which kind of account, it is compulsory to deposit a certain amount at a certain time?

Options

  • Saving deposit

  • Fixed deposit

  • Current deposit

  • Recurring deposit

MCQ

Solution

Recurring deposit

shaalaa.com
Functions of Commercial Banks - Primary Functions
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Chapter 12: Functions of Commercial banks - Exercises [Page 116]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 12 Functions of Commercial banks
Exercises | Q I. 4. | Page 116
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