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Question Practice

What is the primary purpose of maintaining a savings bank account?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Home Science
Human Ecology and Family Sciences - II
Financial Management and Planning
Question Bank

What is the primary purpose of...

Single Answer MCQ
Q-00108339

What is the primary purpose of maintaining a savings bank account?

1

Earning high returns on investments

2

Access to loans with lower interest rates

3

Storing money securely while earning interest

4

Facilitating online shopping

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