Advertisements
Advertisements
Questions
Distinguish between saving account and current account.
Give one difference between savings account and current account.
State any one difference between savings account and current account.
Advertisements
Solution
| Savings Account | Current Account |
| Interest rates are lower than fixed deposit accounts, but greater than current accounts. | This account cannot earn interest due to high operating costs. |
Notes
Students should refer to the answer according to their questions.
APPEARS IN
RELATED QUESTIONS
A bank which is known as bankers bank.
How is a commercial bank different from a central bank?
Write Short Note on the following:
Types of banks
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Mention two differences between the Central Bank and a Commercial Bank.
Choose the Correct Answer.
Which bank is not an Industrial Bank?
Write a short note on Local Area Banks, Give two examples.
Mention the purposes of Agricultural and Cooperative banks?
Explain the types of banks based on ownership patterns.
Which of the following banks regulate the supply of money in the economy?
Public Banks are the banks which are ______.
______ is the apex institution of the country's monetary and banking structure where as ______ is one of the organs of the money market.
Name the central bank of our country.
"The central bank is the lender of the last resort." Explain.
Explain main functions of commercial bank.
What are the important functions of Central Bank? Which of these functions are more important in a country like India?
What is a Banker’s Cheque?
Which type of bank mainly provides long-term credit for agriculture?
