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प्रश्न
Meena wants to deposit her surplus money in the bank for a higher rate of interest. Keeping in view Meena’s requirement, suggest the type of bank account she should open. Mention any one feature of the account suggested by you.
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उत्तर
Meena should open a fixed deposit account.
Reasons for suggesting fixed deposit account are:
- It leads to tax savings.
- There are assured returns on maturation of the amount.
- It has a higher rate of interest compared to other types of accounts.
- Loan against fixed deposit can be taken in emergency situations.
Feature of a Fixed Deposit Account:
Higher Interest Rate: Fixed Deposit accounts offer a higher rate of interest compared to regular savings accounts. The interest rate is usually fixed for the duration of the deposit, ensuring guaranteed returns at maturity.
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संबंधित प्रश्न
Write short answer of the following.
State the responsibilities of consumers.
Indian Youth Organisation (IYO) organised a visit of its members to an old age home to inculcate the habit of social work among them. The visit revealed that the living conditions of the inmates of the old age home were not hygienic. So, the IYO members decided to clean the premises. During their cleanliness drive, they realised that the old age home also required pest control. But some of the inmates of old age home were reluctant for it because they believed that the pest control may create health problems for them. IYO therefore decided to provide ethical, safe and odourless pest control. They showed to the inmates of old age home a pamphlet of the proposed pest control product which promised easy, inexpensive and long-lasting pest control. The inmates happily agreed and the pest
control was carried out. It worked for a fortnight but to their dismay, the effect started wearing off. IYO contacted the pest control company which kept on postponing their visit. After waiting for a month, IYO filed a case in the consumer court.
The consumer court was satisfied with the genuineness of the complaint and issued necessary directions to the pest control company
1) State any six directions that might have been issued by the court.
2) Also, identify any two values that are being communicated by IYO to the society.
Select the proper option from the options given below and rewrite the complete sentence:
Under the consumer Protection Act, 1986, there is a________ quasi judicial consumer dispute redressal machinery for solving
the complaints of the consumers.
Select the proper option from the options given below and rewrite the complete sentence:
A District Forum can entertain the claims up to Rs ________.
Select the proper option from the options given below and rewrite the complete sentence:
National Commission has ________ members in addition to the president.
______ every year is declared as a Consumer Protection Day to educate the public about their rights and responsibilities.
Which one of the following methods of payment does not cause a deduction in the bank balance at the time of transaction?
______ is given to products that are biodegradable and have the capacity to be recycled.
Briefly discuss any two features of Current account in a bank.
Assertion: Crossed cheque is one in which two parallel lines are drawn on the upper left side of the cheque.
Reason: This cheque cannot be encashed. It can only be deposited in the account of the drawee.
