2 Views

Question : Which of the following is a feature of a current account?

 

Option 1: High interest rate

Option 2: Fixed maturity period

Option 3: Withdrawals allowed at any time

Option 4: No limit on withdrawals


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

Correct Answer: No limit on withdrawals


Solution : The correct answer is (d). No limit on withdrawals

A current account is a type of bank account that is typically used for business transactions and provides a high level of liquidity and flexibility.

One of the key features of a current account is that there is generally no limit on the number of withdrawals or transactions. Account holders have the flexibility to make multiple withdrawals and transactions as required for their business or personal needs.

Related Questions

Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Extended Application Deadline: 10th Jan 2024
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024)
ISBR Business School PGDM Adm...
Apply
250+ Companies | Highest CTC 16 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School...
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books