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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)
Demand Deposits include ___________.(Choose the correct alternative to fill up the blank)
Official answer
(C)
Savings Account Deposits and Fixed Deposits
(D)
Current Account Deposits and Fixed Deposits
The marking scheme accepts either.
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 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.