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Which of the following statements about CASA is correct?

medium Q7 of 15
Banking Awareness - Types Of Bank Accounts
Which of the following statements about CASA is correct?
ACASA includes all retail deposits
BCASA excludes current accounts
CCASA deposits are cheaper than term deposits
DCASA ratio depends only on savings accounts
Step-by-Step Solution

  1. Step 1: Compare CASA with term deposits.

    CASA pays low or zero interest.

  2. Step 2: Identify correct statement.

    Term deposits pay higher interest.

  3. Final Answer:

    CASA deposits are cheaper than term deposits → Option C

  4. Quick Check:

    Lower interest = cheaper funds ✅
Quick Trick: CASA is always cheaper than FD/RD.
Common Mistakes:
  • Thinking CASA includes all deposit types.
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