Which of the following statement is true about Bank? Options: A . &nbspBanks can accept only time deposit from public B . &nbspBanks can accept only demand deposit from public C . &nbspBanks can accept both demand and time deposit from Public D . &nbspBanks can accept demand and time deposit from Government only E . &nbspBanks cannot accept demand and time deposit from Public

Which of the following statement is true about Bank?

Question

Which of the following statement is true about Bank?

Options:

A . Banks can accept only time deposit from public

B . Banks can accept only demand deposit from public

C . Banks can accept both demand and time deposit from Public

D . Banks can accept demand and time deposit from Government only

E . Banks cannot accept demand and time deposit from Public

Answer: Option A

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