MCQOPTIONS
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MCQOPTIONS
| 1. |
Which of the following is a correct statement? [IBPS 2011] |
| A. | Normally no interest is paid on current deposit accounts. |
| B. | Interest is paid on current accounts at the same rate as term deposit accounts. |
| C. | The rate of interest on current account and savings account are the same. |
| D. | No interest is paid on any deposit by the bank. |
| E. | Savings deposits are the same as current deposits. |
| Answer» B. Interest is paid on current accounts at the same rate as term deposit accounts. | |