[amp_mcq option1=”Bank Deposit” option2=”Life Insurance” option3=”Shares in stock market” option4=”Bonds and debentures” correct=”option1″]<\/p>\n
The correct answer is A. Bank Deposit.<\/p>\n
A bank deposit is a transactional product because it is a way to store money and access it easily. You can deposit money into your account and then withdraw it when you need it. You can also use your bank account to make payments, such as bills or online purchases.<\/p>\n
A life insurance policy is a contract between an insurance company and an individual. The insurance company agrees to pay a death benefit to the beneficiary of the policy if the insured person dies. The insured person pays premiums to the insurance company in exchange for this coverage.<\/p>\n
Shares in a stock market are a type of investment. When you buy shares in a company, you become a part-owner of that company. You can sell your shares at any time, but the price of your shares may go up or down depending on the performance of the company.<\/p>\n
Bonds and debentures are types of loans. When you buy a bond or debenture, you are lending money to a company or government. The company or government agrees to pay you interest on your loan, and to repay the loan at a certain point in the future.<\/p>\n
In conclusion, A. Bank Deposit is the only transactional product among the given options.<\/p>\n","protected":false},"excerpt":{"rendered":"
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