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State Whether the Following Statement is True Or False. the Saving Bank Deposit Can Be Opened with a Small Amount. - Economics

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प्रश्न

State whether the following statement is True or False.

The saving bank deposit can be opened with a small amount. 

पर्याय

  • True

  • False

MCQ
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उत्तर

The savings bank deposit can be opened with a small amount. – True
Explanation: The above statement is true. A savings bank deposit can be opened with a small amount as specified by the banks. These accounts are generally opened by salaried people who wish to save a proportion of their income. A nominal amount of interest is paid on these deposits.

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पाठ 12: Commercial Banking - Exercise 1 [पृष्ठ ११०]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 12 Commercial Banking
Exercise 1 | Q 3.2 | पृष्ठ ११०
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