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    Question

    Maximum period for which a commercial bank can accept

    term deposits is:
    A 5 years Correct Answer Incorrect Answer
    B 7 years Correct Answer Incorrect Answer
    C 10 years Correct Answer Incorrect Answer
    D No limit Correct Answer Incorrect Answer

    Solution

    Commercial banks can accept term deposits for a minimum period of 7 days and maximum period of 10 years.

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