Download App

Commercial Banks — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsCommercial Banks2 Marks
Question
Give two differences between recurring deposits and fixed deposits.
✓

Answer

→ Under recurring deposits, the depositors make regular deposits of a fixed amount for a specified period say 1; 2, 3 or 5 years.
→ Under fixed deposits, the amount is deposited for a fixed period which can only be withdrawn after the expiry of the fixed period.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[2 Mark Question Answer]" from Commercial Banks→Commercial Banks — all question types→Economics STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

Mention two functions of capital.###What is the significance of capital in promoting economic growth?
→
A mild inflation is beneficial for economic growth. Justify the statement.
→
Give two advantages of indirect taxes.
→
Derive market supply schedule and curve from the following hypothetical individual supply schedules of two firms A and B.
Price  
2107
3128
4149
→
Which of the following is considered as labour in economics? Give a reason to support your answer.
(i) A Professor working in a college.
(ii) A social worker serving in a orphanage.
→
What is the difference between price and tax?
→
What is money multiplier? How is it related to Legal Reserve Ratio?
→
What is debt trap?
→
Explain the importance of an entrepreneur.
→
Explain the medium of exchange function of money.###How does money solve the problem of double coincidence of wants?
→