Hybrid deposit

 4.Hybrid deposit means________


(a)Combination of SB and CD

(b)Combination of monthly income scheme and half yearly scheme

(c)Combination of Demand and Term deposit

(d)Both B and C

Answer & Explanation
Ans: C
Exp: Hybrid deposits or flexi deposits which combine the features of demand and term deposits. These deposits are introduced in recent times by some banks to meet customers’ financial needs and convenience and are known by different names in different banks.

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