Question:medium

Assertion (A): Commercial banks accept various types of deposits to meet the needs of different customers.
Reason (R): Fixed deposits allow consumers to deposit money for a specific period and earn high interest, while current deposits do not help in earning interest but help in frequent transactions for businesses.

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Commercial banks offer different types of deposits like fixed deposits for higher interest and current accounts for frequent transactions.
Updated On: Mar 31, 2026
  • Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of the Assertion (A).
  • Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
  • Assertion (A) is true, but Reason (R) is false.
  • Assertion (A) is false, but Reason (R) is true.
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The Correct Option is A

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