Question

Zeenat has recently completed her course in Fashion Designing from NIFT. Now her father wants her
to do something creative. He has no consideration for earning money. He wants that Zeenat should
teach fashion designing to those girls who have great interest in it but have failed to get admission to
che Fashion Designing Course because of their poor financial position. His aim is to help the girls from
poor families. So he gave 10 lakh to Zeenat to establish a Fashion Designing Centre. 50 girls could
take admission in this centre. Zeenat announced nominal fees to be charged for admission. Within one
week of the opening of the centre, all the seats were filled. After getting training in this centre, it became
easy for the girls to get jobs in the market. Within a few months, Zeenat's centre became popular. She
spent 5 lakh out of the total 10 lakh on infrastructure and other things, and the remaining 5 lakh
she deposited in the Savings Account of a bank. One of her friends was a bank employee. She advised
Zeenat that instead of keeping 5 lakh in the Savings Account, She should keep them in a Fixed Deposit
Account. But Zeenat replied that she would need money any time and so she could not keep her money
in a Fixed Deposit Account. Then her friend told her that she should deposit her money in such a bank
account which would serve the purpose of both, the Savings Account and the Fixed Deposit Account
From this account she could withdraw money as and when needed and a definite amount would continue
to get automatically transferred to the Fixed Deposit. Zeenat opened the account with her bank.
Identify and explain the type of Bank Account which Zeenar's friend advised her to open in the bank.

Answer 1

Answer:

yes it is coorect how you friends nice to meet you all we can see in google classroom tommorow night