Chapter: Money Market and Capital Market in India· Economics

Identify and explain the concept (any three): Madhuri deposited a lumpsum amount of ₹ 1,00,000 in the bank for the period of five years.

Q.2 (A) (iii) Identify and explain the concept (any three): Madhuri deposited a lumpsum amount of ₹ 1,00,000 in the bank for the period of five years.

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Answer: Fixed deposit (term deposit)

Concept: A fixed deposit is a time deposit in which a lump sum is kept with the bank for a fixed period at a higher rate of interest; it cannot normally be withdrawn before maturity without penalty.

Explanation: Madhuri has kept a lump sum of ₹ 1,00,000 for five years, so it is a fixed (term) deposit. She earns a higher rate of interest than on a savings account.

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Identify and explain the concept (any three): Madhuri deposited a lumpsum amount of ₹ 1,00,000 in the bank for the period of five years.

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