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Question
Match the following and select the correct option.
| Column A | Column B | ||
| (i) | A deposit created by a customer | A. | Term deposit |
| (ii) | A deposit created by bank when loan is granted | B. | Demand deposits |
| (iii) | Deposits payable by bank on demand | C. | Initial deposit |
| (iv) | Deposits the amount of which can be withdrawn only after a fixed period of time | D. | Secondary deposit |
Options
(i) C, (ii) D, (iii) A, (iv) B
(i) B, (ii) A, (iii) D, (iv) C
(i) C, (ii) D, (iii) B, (iv) A
(i) D, (ii) C, (iii) A, (iv) B
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Solution
(i) C, (ii) D, (iii) B, (iv) A
Explanation:
| Column A | Column B | ||
| (i) | A deposit created by a customer | C. | Initial deposit |
| (ii) | A deposit created by bank when loan is granted | D. | Secondary deposit |
| (iii) | Deposits payable by bank on demand | B. | Demand deposits |
| (iv) | Deposits the amount of which can be withdrawn only after a fixed period of time | A. | Term deposit |
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