Explain the following concept: Current Deposits

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Description : In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Last Answer : C. Its instrument in government securities Explanation: Bank assets comprises cash, money at short notice, bills and securities discounted, bank‘s investments in government securities, loans sanctioned by the bank.

No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Description : No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Last Answer : Current deposits

A current of 4 amperes flowing for 45 minutes deposits 1.062 gm of metal at cathode. Calculate the equivalent weight of the metal. (Given 1 Faraday = 96500 C)

Description : A current of 4 amperes flowing for 45 minutes deposits 1.062 gm of metal at cathode. Calculate the equivalent weight of the metal. (Given 1 Faraday = 96500 C)

Last Answer : Given: c : 4 amperes t : 45 minutes : 45 x 60 = 2700 seconds w : 1.062 gm 1 Faraday : 96500 C To calculate: Eq. Weight (CE) According to Faraday's first law: w = z c t Therefore, z = w / ct ... g/c Now, C.E. = 96500 x E.C.E. C. E. = 96500 x 0.00009833 C.E. = 9.4888 gm

How are deposits with the banks beneficial for an individual as well as for the nation ? Explain with examples. -SST 10th

Description : How are deposits with the banks beneficial for an individual as well as for the nation ? Explain with examples. -SST 10th

Last Answer : Deposits with banks are beneficial for both individual and nation: 1. People can deposit money with banks after opening a bank account. This ensures the safety of the money and they also earn an ... Person A can also avail loan at an interest rate lesser than what is in the informal sector.

What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Description : What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Last Answer : a deposit of money that can be withdrawn without prior notice, e.g. in a current account. For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or ... federal government, with backing from the US Treasury, can replace any money that was lost by the bank.

Explain the different types of Deposits.

Description : Explain the different types of Deposits.

Last Answer : Explain the different types of Deposits.

Explain the following concept: Current Deposits

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