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    Question

    What is the difference between a savings account and a

    current account in India?
    A Savings accounts are meant for individuals, while current accounts are meant for businesses Correct Answer Incorrect Answer
    B Savings accounts earn interest on the balance, while current accounts do not Correct Answer Incorrect Answer
    C Savings accounts have a limit on the number of transactions, while current accounts do not Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    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.

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