

MCQOPTIONS
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1. |
Which of the following methods is being adopted by Banks for calculating and applying interest on Savings Bank accounts ? |
A. | On monthly products based on minimum balance between 10th and last working day |
B. | Daily balance is counted and interest is paid accordingly |
C. | On average Quarterly balance |
D. | On average half yearly balance |
E. | None of the above |
Answer» B. Daily balance is counted and interest is paid accordingly | |