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Commercial Banks — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsCommercial Banks1 Mark
MCQ
Statement (1): Fixed deposits carry high rates of interest.
Statement (2): Saving account can be operated only upto a specified fixed period of time.
  • A
    Both statements are true
  • B
    Both statements are false
  • ✓
    Statement 1 is true but Statement 2 is false.
  • D
    Statement 2 is true but Statement 1 is false.
✓

Answer

Correct option: C.
Statement 1 is true but Statement 2 is false.
C

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