When banks accept a fixed sum of money from an individual for a definite term an

Question

When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as

Options:

A . Term Deposit

B . Demand Deposit

C . Bond

D . Mortgage

Answer: Option A

Submit Your Solution Below and Earn Points !

Next Question

More Questions on This Topic :

Question 1. Indian Commercial Banks are categorized into....

Question 2. Interest on Government securities on fixed basis is known as....

Question 3. Regional Rural Banks have been set up with the basic objectives of....

Question 4. _____ is raised in capital markets.....

Question 5. __ was not nationalized in 1969....

Question 6. In the first round 14 major banks with a liability base of ____ were nationalized....

Question 7. The maximum Statutory Liquidity Ratio to be maintained by banks is_____....

Question 8. SLR is maintained as a percentage of....

Question 9. _____ do not attract TDS....

Question 10. CRR funds are kept by the Banks in ____....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0