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    • Question : Which of the following is not a type of bank account? Option 1: Savings account Option 2: Demat account Option 3: Credit a ...
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    Question : Which of the following is not a type of bank account?

     

    Option 1: Savings account
     

     

    Option 2: Demat account
     

    Option 3: Credit account

     

    Option 4: Current account

    Team Careers360 5th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 17th Jan, 2024

    Correct Answer: Credit account


    Solution : The correct answer is (c). Credit account

    Credit account is not a recognized term for a type of bank account. "Credit" typically refers to borrowing or the extension of credit by a bank or financial institution to a customer in the form of a loan or credit facility.

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