Deposits meant for meeting children's education and marriage expenses are known as
ARecurring deposits
BSavings deposits
CFixed deposits
DEndowment deposits
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
The word 'Bank' is deemed to have originated from which of the following?
Banks are called ......... because they invest or lend funds of depositors who themselves are unable to lend their funds due to risk
A person makes a will expressing his intention regarding disposal of his properties after his death. The person who makes the will is called Testator and banker is called the ---.
First bank in India to introduce cheque system
In banking, 'Safety' is treated as a cardinal principle of lending. Which of the following statement/s best explains it ?
- It is borrower's capacity to pay.
- It is borrower's willingness to pay.
- It is borrower's capacity to income generation.
- It is borrower's not using loan for consumption purpose.