Question

What is the difference between a savings account and a

Q: Answer-What is the difference between a savings account and a current account in India?

The main differences between a savings account and a current account in India are that savings accounts are meant for individuals, while current accounts are meant for businesses, savings accounts earn interest on the balance, while current accounts do not, and savings accounts have a limit on the number of transactions, while current accounts do not. Therefore, option D is correct.

current account in India?

A Savings accounts are meant for individuals, while current accounts are meant for businesses

B Savings accounts earn interest on the balance, while current accounts do not

C Savings accounts have a limit on the number of transactions, while current accounts do not

D All of the above

E None of the above

Practice Next

More Financial Management Questions

सूची – I को सूची – II से सुमेलित कीजिए और सूचियों के नीचे दिए �...
'प्रारम्भ से लेकर अंत तक' के लिए एक शब्द है
राधा ( 1) है ( 2) तेज़ ( 3) दौड़ती ( 4) । प्रस्तुत खंडित वाक्य में...
वर्तनी की दृष्टि से शुद्ध शब्द है -
जिस पुस्तक में आठ अद्याय हो
निम्नलिखित प्रश्न में , चार विकल्पों में से , उस विकल्प का च...
अमेरिका में एक बार ............ हुई । दिए गए उपयुक्त शब्द से रिक्त �...
“अंतर पट खुलना “ इस मुहावरे का सही अर्थ है –
सूची – I को सूची – II से सुमेलित कीजिए और सूचियों के नीचे दिए �...

What is the difference between a savings account and a

Solution