Which of the following is NOT a type of deposit accepted by commercial banks?
A. Saving deposits
B. Time deposits
C. Equity deposits
D. Demand deposits
Answer: Option C
Solution (By JKSSB Mock Tests)
Commercial banks accept demand deposits (current accounts), savings deposits and time (fixed) deposits. Equity deposits are not a standard category of bank deposits.
Explanation:
Universal basic income is a policy proposal under which every citizen receives a regular, unconditional sum of money from the government, irrespective of other income or employment status.
No comments yet. Be the first to start the discussion!