Advertisements
Advertisements
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.
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Write short answer of the following.
State the responsibilities of consumers.
Himanshu purchased a new car from 'Galaxy Motors' for Rs 25 lakhs. He was offered free insurance for the first year and three free servicing to be availed after the car had covered 5,000 km, 10,000 km and 15,000 km respectively. When Himanshu took the car for the first free servicing, he was told that the car was not new and the first service had already been availed on this car. He felt cheated and filed a complaint in the State Commission. Being not satisfied with the decision of the State Commission, after two months he decided to file an appeal against it.
Can Himanshu appeal against the decision of the State Commission? Give reason in support of your answer
Select the proper option from the options given below and rewrite the sentences:
Ultimate goal of business must be the sa tisfaction of ..... ... .. .......... ... .
Match the correct pairs.
Match the correct pairs :
| Group 'A' | Group 'B' |
| a. Private Company | 1. Minimum 7 members |
| b. Overdraft | 2. Saving Account |
| c. ATM | 3. 1996 |
| d. Consumer Protection Act | 4. Electronic Business |
| e. Controlling | 5. Current Account |
| 6. Maximum 50 members | |
| 7. Automatic Teller Machine | |
| 8. 1986 | |
| 9. Individual Taste | |
| 10. To take corrective action |
______ is the standardisation mark given to wheat flour and spices to assure their quality.
What is the purpose of FSSAI agency?
State any four responsibilities of a Consumer.
While purchasing groceries in the local market, Radha realises that the same item is priced differently in every shop.
In the above context, explain the causes of price variation faced by Radha.
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.
