12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    Non-Chequable deposits are those

    A) Against which no money can be withdrawn

    B) Against which money can be withdrawn but cheque

    C) They have a fixed maturity

    D) Both [a] and [c]

    Correct Answer: D

    Solution :

    Time or Term deposits are for a fixed period of time, thus money cannot be withdrawn using mode like cheque.


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