Download App

Business Services-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-12 Marks
Question
write about “ recurring Deposit “ Scheme of post Department.
✓

Answer

  • Account holder under this recurring scheme , has to deposit fixed amount on the fixed date or before that day every month.
  • After 5 years amount deposited with interest in the account is paid to the account holder . Account holder if desire can extend it to next 5 years.

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 Marks Each" from Business Services-1→Business Services-1 — all question types→OCM STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

When can a minor become a partner?
→
Why is working capital needed in business ?
→
How id communication considered two-way process?
→
How does Co-operative Society enjoy perceptual existence/long life ?
→
Why India and China are preferred for Business Process Outsourcing $(BPO)$ ?
→
Give brief information about recurring account of bank.
→
Why business changes are found less in company form ?
→
Point out any four social responsibilities of business towards society.
→
Give the list of the steps of the process of communication.
→
Give information regarding $IFSC$ Code.
→