What is a disadvantage of recurring deposits? Option: "High interest rates compared to regular bank accounts", "Flexibility in changing the investment amount", "Ability to withdraw money at any time", "Fixed investment amount that cannot be changed"

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What is a disadvantage of recurring deposits?

"High interest rates compared to regular bank accounts"

"Flexibility in changing the investment amount"

"Ability to withdraw money at any time"

"Fixed investment amount that cannot be changed"

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What is a key characteristic of recurring deposits?

"They allow flexible investment amounts"

"They offer variable interest rates"

"They provide regular income and long-term investment opportunities"

"They are primarily used for short-term investments"

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What is the key difference between SIP and RD (Recurring Deposit)?

"RD has a fixed return rate, while SIP returns are variable"

"SIP offers tax benefits, while RD does not"

"SIP is only for long-term investments, while RD is for short-term"

"RD is considered riskier than SIP"

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What is the primary difference in investment type between a Systematic Investment Plan (SIP) and a Recurring Deposit (RD)?

SIP is suitable for conservative investors, while RD is suitable for aggressive investors.

SIP invests in mutual funds at fixed intervals, while RD requires monthly payments into a savings scheme.

SIP offers fixed returns, while RD returns vary based on market performance.

SIP is a short-term investment, while RD is a long-term investment.

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Which investment option is generally considered safer, SIPs or RDs?

SIPs are considered safer due to their diversification across various assets.

The risk level of both SIPs and RDs depends on the investor's risk tolerance.

Both SIPs and RDs carry the same level of risk.

RDs are considered safer as they are not subject to market volatility.

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Which financial product offers a higher interest rate compared to a typical Savings Account?

"Recurring Deposit"

"Savings Account"

"Fixed Deposit"

"Mutual Fund"