Financial Awareness - Risk, Stability & Emerging Finance
Which of the following bank deposits generally provides the facility of cheque issuance to the account holder?
Which of the following bank deposits generally provides the facility of cheque issuance to the account holder?
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify account features
Cheque facility is generally provided in Demand Deposit accounts.Step 2: Analyze options
Fixed Deposit, Recurring Deposit, and Term Deposit do not offer cheque facilities. Savings Account allows cheque issuance.Final Answer:
Savings Account → Option CQuick Check:
Cheque facility = Savings Account ✅
Quick Trick: Cheque facility = Demand Deposit
Common Mistakes:
- Assuming all interest-earning deposits allow cheque usage.
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