BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following statements is true? [IBPS 2011]
A
Banks cannot accept demand and time deposits from public.
B
Banks can accept only demand deposits from public.
C
Banks can accept only time deposits from public.
D
Banks can accept both demand and time deposits from public.
Explanation: 
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