21. How often are interest payments made on a fixed deposit account?
a) Monthly
b) Quarterly
c) Half-yearly
d) At maturity
22. What is the main purpose of a joint account?
a) To hold shares and other securities in electronic form
b) To receive salary payments
c) To withdraw cash from ATMs
d) To enable multiple individuals to operate a single account
23. Which type of account requires a higher minimum balance, a savings account or a current account?
a) Savings account
b) Current account
c) Both require the same minimum balance
d) None of the above
24. What is the full form of KYC?
a) Know Your Customer
b) Keep Your Cash
c) Know Your Credit
d) Keep Your Cards
25. Which type of account is commonly used for making salary payments by employers?
a) Savings account
b) Current account
c) Fixed deposit account
d) Salary account
