Directions: Given below is a passage followed by a question. Select the option that best answers the question.
Passage: In a particular bank, the rate of interest on savings account is dependent on the net profit the bank is making at the instant. It is like the share market but with the security of a bank ensuring non-negative interest rates on all individual savings. So if the bank’s rate of interest reduces after an individual saves in their account, the person will receive exactly and only the amount they saved. Thus, the certainty of any positive interest received on savings is defunct.
Which of the following statement(s) is/are true?
1
It is good for the people who want to take risks without having anything at stake.
2
In a way, people are rather investing in the bank than saving in the bank.
3
Since the bank is ensuring non-negative interest rates, it can be termed as one of the safest modes of investment.
4
All of the above.
5
None of the above.