Maharashtra State BoardHSC Arts 12th Board Exam

State Whether the Following Statements Are True Or False with Reason: Interest Rate is More for Fixed Deposits. - Economics

State whether the following statements are True or False with reason:

Interest rate is more for fixed deposits.

Solution

True, interest rate is more for fixed deposits.
Explanation:
Fixed deposits are the ones where money can be withdrawn only after a certain specified time from the commercial banks. The interest rate on such deposits are high.

Concept: Commercial Banks

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2009-2010 (March)

Q 2.2.7 Q 2.2.6 Q 2.2.8

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2009-2010 (March) (with solutions)

Q 2.2.7 | 2 marks

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State Whether the Following Statements Are True Or False with Reason: Interest Rate is More for Fixed Deposits. - Economics

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