Fixed Deposit

Q.

Banks provide a higher rate of interest on which of

1. Current account

2. Fixed deposits for a long period

3. Saving account

4. Fixed deposits for a short period

Q.

Is installment a credit?

Q. The fixed deposit scheme is one where you need to deposit money for a fixed period of time for a interest rate.

1. dynamic
2. low
3. zero
4. fixed

Q. You deposit ₹1, 000 in a bank for one year at an interest rate of 5%. At the end of one year, you get ₹1, 051 from the bank. However, you were allowed to withdraw this amount only at the end of the period you chose, which was one year.

Which of the following deposit schemes had you chosen?

1. Current deposit
2. Fixed deposit
3. Recurring deposit
4. Savings deposit