Question : _______ are those where a monthly instalment is deposited in the accounts every month.
Option 1: Savings bank deposits
Option 2: Reinvestment deposits
Option 3: Fixed deposits
Option 4: Recurring deposits
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Recurring deposits
Solution : The correct option is Recurring deposits .
Recurring deposits are financial accounts where a fixed monthly instalment is deposited every month into the account. These deposits are a popular savings option typically offered by banks and financial institutions to encourage regular savings and help individuals achieve their financial goals.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : The monthly expenses of a person are $66 \frac{2}{3} \%$ more than her monthly savings. If her monthly income increases by 44% and her monthly expenses increase by 60%, then there is an increase of INR 1,040 in her monthly savings. What is the initial expenditure (in INR)?
Question : Savings deposits with Post Office savings banks are included in which measure of money supply?
Question : Under the Statutory liquidity ratio, commercial banks are required to keep a fraction of ____ in the form of liquid assets.
Question : Total deposits with Post Office savings organisations are included in which money supply aggregate?
Question : The tax on the salary of C is $\frac{1}{4}$th of the salary and savings are $\frac{1}{3}$rd of the salary. The ratio of the expenditures to the savings is_____.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile