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Question Practice

What feature distinguishes a Recurring Deposit Account from a Fixed Deposit Account?

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

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

What feature distinguishes a R...

Single Answer MCQ
Q-00131318

What feature distinguishes a Recurring Deposit Account from a Fixed Deposit Account?

1

Fixed payments at once

2

Multiple payments over time

3

Higher interest rates

4

No penalty for early withdrawal

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