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Banking Awareness · Q237

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 237

Q237

Which of the following is a correct statement ?

A.
Normally no interest is paid on current deposit accounts.
Answer
B.
Interest is paid on current accounts at the same rate as term deposit accounts.
C.
The rate of interest on current account and savings account are the same.
D.
No interest is paid on any deposit by the bank.

Answer: Option A

Solution

Answer: Option A
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