Which of the following statement/s is/are true about Basic Savings Bank Deposit Account?
A. This is special type of bank account only Micro finance institutes can open
B. Only BPLs and self-help groups can apply for it
C. They get higher interest rate than (regular) savings account
D. It was earlier called "No frills account"
Answer: Option D
Related Questions on Banking and Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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