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प्रश्न
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
विकल्प
True
False
उत्तर
The statement is True.
Explanation:
A commercial bank's primary functions include accepting deposits from individuals and businesses and using those deposits to provide loans and make investments.
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संबंधित प्रश्न
______ deposits earn very low rate of interest on it.
What are the two main functions of a commercial bank?
Distinguish between:
cash credit and loan.
How is discounting of a bill of exchange a form of bank lending?
Differentiate between current deposit account and fixed deposit account.
Write short notes on the primary functions of commercial banks.
Compare the rate of interest given to such an account to that of a Current Account and a Fixed Deposit.
Explain three important functions of a commercial bank.
Give two differences between recurring deposits and fixed deposits.
Why are commercial banks called producers (creators) of money? Explain.
