Multiple Choice Questions on What is the significant of the term 39 Liabilities 39 in NDTL ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

What is the significant of the term 39 Liabilities 39 in NDTL ........

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    What is the significant of the term 'Liabilities' in NDTL?

    It means Demand and Time Deposits are assets for customers, but liabilities for banks

    Correct Answer

    It means Demand and Time Deposits are assets for banks, but liabilities for customers

    Incorrect Answer

    It means Demand and Time Deposits are liabilities for both banks and customers

    Incorrect Answer

    It means Demand and Time Deposits are assets for both banks and customers

    Incorrect Answer
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    Explanation:
    • Time Liability:  Total Money deposited in Fixed deposit, Recurring deposits.
    • Demand Liability: Total Money deposited in Current account, Saving account.
    • So NDTL are the assets of customer but Liabilities on Bank. 

    By: Vishal
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