Banking Awareness - Types Of Bank Accounts
Which bank account is most suitable for a person who wants guaranteed returns with no exposure to market risk?
Which bank account is most suitable for a person who wants guaranteed returns with no exposure to market risk?
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify the risk preference.
The question asks for guaranteed returns without market risk.Step 2: Match with suitable deposit type.
Fixed deposits offer assured returns at a fixed interest rate.Final Answer:
Fixed Deposit Account → Option AQuick Check:
Assured return + no market risk = FD Account ✅
Quick Trick: Guaranteed return always points to FD.
Common Mistakes:
- Confusing savings account interest with guaranteed returns.
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