GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Savings bank accounts and cash accounts
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Savings bank accounts and current accounts
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Current accounts and fixed deposit accounts
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Savings bank accounts and fixed deposit accounts
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Detailed explanation-1: -A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines (ATMs), and electronic debits, among other methods.
Detailed explanation-2: -Current account: Also known as a cheque account, this type of bank account allows you to do deposits, withdrawals, set up debit or stop orders and make money transfers, among other transactions.
Detailed explanation-3: -Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others. Savings account. Salary account. Fixed deposit account. Recurring deposit account. NRI accounts.