CBSE · Class 11 · Business Studies · Business ServicesWhich banking service allows a customer to deposit and withdraw money anytime without any restriction on the number of transactions?
Step-by-Step Solution
Current account is designed for business firms where there are multiple transactions daily and no restriction on deposits or withdrawals.
Detailed Options Breakdown
Option : Savings Account
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
Option 1: Current Account (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Fixed Deposit Account
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
Option 3: Recurring Deposit Account
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
💡 Study Guide: This question tests core syllabus concepts from Business Services. For formulas, key summaries, and mock exam reference guides, read the full Business Services Revision Notes.