Question

Select the proper option from the options given below and rewrite the completed sentences.

There is no limit on the frequency of withdrawals from a ________.
(a) Saving account
(b) Fixed account
(c) Current account

Answer 1

Correct option - c
There is no limit on the frequency of withdrawals from a current account.
Explanation:
Current accounts are generally meant for business class people, as they make and receive a large number of business payments. These people often need to make huge payments on a regular basis; therefore, they use current accounts in which there are no restrictions on the number of withdrawals that can be made.