Which of the following is a correct statement ?
A. Normally no interest is paid on current deposit accounts.
B. Interest is paid on current accounts at the same rate as term deposit accounts.
C. The rate of interest on current account and savings account are the same.
D. No interest is paid on any deposit by the bank.
Answer: Option A
Related Questions on Banking Awareness miscellaneous
A. Bombay Stock Exchange
B. Delhi Stock Exchange
C. Calcutta Stock Exchange
D. Bangalore Stock Exchange
Which of the following is not a function of General Insurance?
A. Cattle Insurance
B. Crop Insurance
C. Fire Insurance
D. Medical Insurance
Liability- side of the balance-sheet comprises:
A. Capital and reserve
B. Long-term liabilities
C. Current liabilities
D. All of the above
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