GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
|
|
Savings account
|
|
|
Current account
|
|
|
Deposit account
|
|
|
Recurring account
|
Explanation:
Detailed explanation-1: -Unit Linked Insurance Plan (ULIP) Public Provident Fund (PPF) Mutual Fund. Bank Fixed Deposits. National Pension Scheme (NPS) Senior Citizen Savings Scheme. Direct Equity. Real Estate Investment. More items
Detailed explanation-2: -High-yield bank accounts. High-yield bank accounts are usually offered by online banks. Money market deposit accounts. Money market accounts are a hybrid between checking and savings accounts. Money market funds. Certificates of deposit (CDs) U.S. government bills or notes. I Bonds. Municipal bonds. Corporate bonds. More items
There is 1 question to complete.