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Which of the following deposits is most suitable for meeting daily operational expenses of a business?

hard Q8 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
Which of the following deposits is most suitable for meeting daily operational expenses of a business?
ASavings Deposit
BRecurring Deposit
CFixed Deposit
DCurrent Deposit
Step-by-Step Solution

  1. Step 1: Identify transaction requirement

    Businesses need frequent deposits and withdrawals.

  2. Step 2: Match with account feature

    Current deposits support unlimited transactions.

  3. Final Answer:

    Current Deposit → Option D

  4. Quick Check:

    High transaction volume suits current account ✅
Quick Trick: Daily business transactions = Current account.
Common Mistakes:
  • Choosing savings account for business needs.
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