Multiple choice

Which of the following cannot open a No Frill Account in a bank?

  1. Agricultural labourer

  2. A small firm selling white goods

  3. Student

  4. A labourer in unorganised sector

  5. All of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

No-Frills Accounts (Basic Savings Bank Deposit Accounts) are specifically designed for individuals from weaker sections and low-income groups. This includes agricultural labourers, students, and unorganised sector workers. A small firm is a business entity, not an individual, and therefore cannot open a No-Frills Account.

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