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Economics · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 1 · Q7
Demand Deposits include ___________.(Choose the correct alternative to fill up the blank)
Official answer
From CBSE’s own marking scheme for this paper.
(C)
Savings Account Deposits and Fixed Deposits
Marking-scheme solution
CBSE accepted either option: the marking scheme's whole answer is 'Ans. (c) or (d)'. Each of the two accepted alternatives pairs a genuine demand-deposit type — Savings Account Deposits in (c), Current Account Deposits in (d) — with Fixed Deposits, which are time deposits rather than demand deposits, so neither alternative is exclusively correct and the board allowed both.
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CBSE Class 12 Economics past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.