Banking Awareness - Types Of Bank Accounts
Which feature of a recurring deposit account helps inculcate financial discipline?
Which feature of a recurring deposit account helps inculcate financial discipline?
easy Q13 of 15
Step-by-Step Solution
Step 1: Identify the behaviour being promoted.
The question focuses on financial discipline.Step 2: Match with the enforcing feature.
RD requires compulsory monthly deposits.Final Answer:
Mandatory monthly instalment → Option CQuick Check:
Compulsory monthly saving builds discipline ✅
Quick Trick: Compulsion in saving = discipline.
Common Mistakes:
- Thinking higher interest alone creates discipline.
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