Banking Awareness - Types Of Bank Accounts
Which of the following accounts is designed mainly for individuals with minimal banking needs?
Which of the following accounts is designed mainly for individuals with minimal banking needs?
easy Q2 of 15
Step-by-Step Solution
Step 1: Identify the target group.
The question mentions minimal banking needs.Step 2: Recall the purpose of BSBDA.
BSBDA is a no-frills account for financial inclusion.Final Answer:
Basic Savings Bank Deposit Account → Option BQuick Check:
No-frills + inclusion focus = BSBDA ✅
Quick Trick: Minimal banking needs point to BSBDA.
Common Mistakes:
MISTAKES- Thinking salary account is meant for all individuals.
Master "Types Of Bank Accounts" in Banking Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Banking Awareness Quizzes