Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

Select the Proper Option from the Options Given Below and Rewrite the Completed Sentences. There is No Limit on the Frequency of Withdrawals from a ________. - Organisation of Commerce and Management

MCQ

Select the proper option from the options given below and rewrite the completed sentence.
There is no limit on the frequency of withdrawals from a ________.

Options

  • Saving account

  • Fixed account

  • Current account

Advertisement Remove all ads

Solution

There is no limit on the frequency of withdrawals from a current account.
Explanation:
Current accounts are generally meant for business class people, as they make and receive a large number of business payments. These people often need to make huge payments on a regular basis; therefore, they use current accounts in which there are no restrictions on the number of withdrawals that can be made.

Concept: Role of Transport
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 2 Business Services
Select the proper option | Q 3 | Page 81
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×