Question : Which of the following is not a type of bank account?
Option 1: Savings account
Option 2: Demat account
Option 3: Credit account
Option 4: Current account
Correct Answer: Credit account
Solution : The correct answer is (c). Credit account
Credit account is not a recognized term for a type of bank account. "Credit" typically refers to borrowing or the extension of credit by a bank or financial institution to a customer in the form of a loan or credit facility.
Question : Which of the following is not a type of demand deposit account?
Option 2: Current account
Option 3: Fixed deposit account
Option 4: None of the above
Question : Which of the following is not a type of deposit account offered by banks?
Option 4: Demat account
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 : Which of the following is a long-term source of finance?
Option 1: Trade credit
Option 2: Bank overdraft
Option 3: Debentures
Option 4: Factoring
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