CameraIcon

SearchIcon

MyQuestionIcon

11

You visited us 11 times! Enjoying our articles? Unlock Full Access!

Introduction to Banking

account is op...

Question

_______ account is opened by the people with limited income.

A

current account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

fixed account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

recurring account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

savings bank

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C savings bank
Savings bank account are the accounts opened by depositors with fixed income or salary earners. It helps people with limited income to manage savings and encourage them to save monthly.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following is NOT a legal requirement for opening a bank account of a limited company?

Q. Which account is opened by a trader in a bank for his business operation?

Q. A responsible government is one which is held accountable by the people.

Q. Write a letter to a bank.
Requesting to open Current Account.

Q. The above graph shows the number of new bank accounts that eight account executives have opened so far this week. Find the median number of accounts opened among these eight people.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Banking

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Introduction to Banking

Standard VII Mathematics

Join BYJU'S Learning Program

CrossIcon