Demand Deposit
Trending Questions
Q.
What Are Demand Deposits?
Q. Identify the advantages of demand deposits.
- Can be withdrawn at any time
- Have fixed maturity
- Require no additional charges on withdrawal
- Require the minimum deposit amount
Q. Which of these is not a feature of demand deposits in banks?
- Funds payable on demand
- Funds bearing interest
- Funds with no maturity period
- Funds withdrawable only through cheques
Q. Banks act as mediators between depositors and
- consumers
- borrowers
- lenders
- RBI
Q. How can you withdraw the demand deposit from your bank?
- Using ATMs
- Using cheques
- Using debit cards
- Using credit cards
Q. What are demand deposits?
- Deposits kept in a bank for a minimum of five years
- Jewellery and property papers
- Insurance and property papers
- Deposits in a bank that are withdrawable at any time
Q. Identify the mode of transaction through which banks enable the withdrawal of demand deposits.
- Cheque
- Debit card
- Credit card
- ATM
- Net banking
- Demand draft
- Loan
- Mobile banking
Q. If rent is paid against land, then which of the following is paid against credit?
- Loan
- Reserve
- Collateral
- Interest
Q. Which of the following is not a source for people to borrow money?
- Banks
- Moneylenders
- Government
- Freinds and relatives
Q. Explain the RBIs role in controlling the inflation in the economy.
Q. Which of the following is not a modern form of money?
- Bank deposits
- Coins
- Paper notes
- Livestock
