Consider the following statements about Current Accounts in India:

  1. Current Accounts are eligible to be opened by firms, companies, trusts, and associations of persons.
  2. Current Accounts typically do not carry interest on deposits but are meant for business operations.
  3. Both Savings and Current Accounts are demand deposits, allowing withdrawal at any time.

Which of the above statements is/are correct?

1
1 only
2
2 only
3
3 only
4
1 and 2 only
5
All are correct

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation