Financial Awareness - Risk, Stability & Emerging Finance
Which of the following is a characteristic feature of a Current Account?
Which of the following is a characteristic feature of a Current Account?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify Current Account features
Current Accounts are meant for frequent transactions with no limit on number.Step 2: Evaluate options
Current Accounts do not earn high interest, have no fixed tenure, and no monthly deposit requirement.Final Answer:
No limit on number of transactions → Option AQuick Check:
Current Account feature = Unlimited transactions ✅
Quick Trick: Current Account = Unlimited transactions
Common Mistakes:
- Assuming Current Account earns high interest like Savings Account.
Master "Risk, Stability & Emerging Finance" in Financial Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Financial Awareness Quizzes