General Knowledge · General Awareness
The Reserve Bank of India (RBI) differentiates savings accounts from current accounts through strict eligibility criteria to prevent commercial misuse. Which of the following entities CANNOT open a savings bank account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A sole proprietorship firm
- 2A Hindu Undivided Family (HUF)
- 3A private limited company✓
- 4A registered club or society
Correct answer
A private limited company
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