Question
Which of the following statements are True about various
types of Deposits? I- Demand deposits can be withdrawn at the wish of the depositor as they do not carry any term. II- Time deposits usually carry higher rate of interest as they are locked in for a stipulated period. III- Demand deposits are shown on the liability side of Bank’s balance sheet whereas Time deposits are shows as Assets.Solution
A time deposit is a fixed-term investment that includes the deposit of money into an account at a financial institution. Time deposit investments usually carry short-term maturities ranging from one month to a few years and will have varying levels of required minimum deposits. All kinds of deposits are liabilities for the bank.
The Contingency Fund of India was established in which year?
The Paithan (Jayakwadi) Hydro-Electric Project is located in Maharashtra on the ______ river?
Where is the headquarters of the newly established National Turmeric Board located?
Which component of the Index of Industrial Production (IIP) experienced the highest growth in July 2024?
Which of the following is the name of India's first Nuclear-powered Submarine?
In which book it has been said that the abode of Vak Devi is Badrikashram?
Pattern of Stars is called?
Which of the following is NOT a key component of PMKVY?
In which year was the Nayak Girls Reform Act passed?
Arrange the following freshwater lakes in Decreasing order area wise:
I) Huron
II) Victoria
III) Tanganyika
IV) Michigan
