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Different Types of Accounts

An account on...

Question

An account on which the bank does not pay any kind of interest is a ______ .

A

Savings Account

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B

Current Account

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C

Recurring Deposit Account

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D

Fixed Deposit Account

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Solution

The correct option is B Current Account
On the Current account, the bank does not pay any interest. Current Account is mainly used for business purpose. There is no restrictions on number and amount of withdrawal in a current account.

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