Question : Demand deposits include______
Option 1: Saving account deposits with fixed deposits
Option 2: Saving account deposits with current account deposits
Option 3: Current account deposits with fixed deposits
Option 4: All types of deposits
Correct Answer: Saving account deposits with current account deposits
Solution : The correct answer is (b) Saving account deposits with current account deposits
Demand deposits refer to funds held in bank accounts that can be withdrawn by the account holder on demand, without any prior notice or restriction. These deposits are typically used for day-to-day transactions and include both saving account deposits and current account deposits.
Saving accounts are a type of demand deposit account where individuals deposit money for the purpose of saving and earning interest. Current accounts, on the other hand, are also a type of demand deposit account, but they are primarily used for frequent and regular transactions, such as business transactions or personal expenses. Both saving account deposits and current account deposits fall under the category of demand deposits.
Question : Which of the following is not a type of demand deposit account?
Option 1: Current account
Option 2: Saving account
Option 3: Fixed deposit account
Option 4: None of the above
Question : Which of the following are non-chequeable deposits?
Option 1: Current deposits
Option 2: Fixed deposits
Option 3: Savings deposits
Question : Which of the following is not a type of term deposit account?
Option 1: Fixed deposit account
Option 2: Recurring deposit account
Option 3: Current deposit account
Option 4: Tax-saving deposit account
Question : Under the Statutory liquidity ratio, commercial banks are required to keep a fraction of ____ in the form of liquid assets.
Option 1: current deposits
Option 2: total demand and term deposits
Option 3: term deposits
Option 4: saving deposits
Option 1: Savings account
Option 2: Current account
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