Discussion
Demand deposits of banks include:
Answer: D
Demand deposits are deposits that can be withdrawn on demand by the depositor without notice, such as current account deposits and (in the usual classification) savings deposits on demand. Fixed deposits and recurring deposits are time deposits, which are held for a period, and government deposits with the RBI are not part of the demand deposits of banks held by the public. The answer is current account deposits, option D. Because the money can be taken out at any time by cheque or on demand, demand deposits count as part of the narrow money supply.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development