Banking General Awareness Banking System Question Bank Previous Years Questions - Banking and Banking Structure - Legal Aspects

  • question_answer
    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.

    Correct Answer: A


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