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प्रश्न
Answer the following question:
Explain various types of deposits.
उत्तर
There are two types of deposits.
1) Demand Deposits
i. Current account deposits
ii. Saving accounts deposits
2) Time Deposits
i. Recurring deposits
ii. Fixed deposits
i. Demand deposits: These are the deposits which can be withdrawn as and when demanded i.e. the withdrawal is not timebound. Demand deposits are of following types.
a. Saving account deposits: A savings account caters to the needs of those individuals who wish to save a part of their income and earn interest on the amount saved. Such deposits are payable on demand i.e. such deposits can be withdrawn by the depositor subject to some limitations.
b. Current account deposits: Current account deposits refer to those deposits that provide the deposit or the liberty to withdraw money at any point of time. Generally, current account deposits prove useful for businessmen as they are required to deal with many transactions in a single day. Such deposits do not offer any rates of interest.
ii. Time deposits: These are the deposits which can be withdrawn only after a certain period of time. Unlike demand deposits, they are not payable as and when demanded. These are of two types
a. Recurring deposits: Under this account, the customer deposits a fixed amount periodically up to a certain period. The amount keeps on getting accumulated. An interest is provided on these deposits and the amount can be withdrawn only after the end of a particular period of time.
b. Fixed deposits: Fixed account deposits refer to those deposits that are held for a fixed (specific) period of time (called the maturity period). These deposits cannot be withdrawn before the maturity period. Hence, they are not payable on demand. Also, these deposits are non-cheque able deposits. However, due to the longer lock-in period involved in the fixed account deposits, these deposits involve a higher rate of interest than that earned on the savings account deposits.
संबंधित प्रश्न
Accepting deposits from the public is the................................. function of Commercial Bank.
(secondary / general / primary / incidental)
Explain different types of loans and advances provided by commercial banks.
Explain the process of credit creation by commercial banks.
Explain the agency function of commercial banks.
How do commercial banks create deposits? Explain.
State whether the following statement is true or false :
Credit control is the function of commercial banks.
State whether the following statement is true or false:
Central bank also performs commercial banking business.
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
Commercial bank can credit on the basis of primary deposit.
State whether the following statement is true or false.
The Cash Reserve Ratio does not affect the lending capacity of the commercial banks.
Give reason or explain the following statement:
Rate of interest on fixed deposit is high.
Explain with reason, whether you agree or disagree with the following statement:
Commercial banks perform agency functions to earn profit.
Fill in the blank using proper alternatives given in the bracket:
.................consumption cannot be zero.
State whether the following statement is True or False with reason:
Commercial Banks cannot give interest on deposits.
Define of Explain the following concept:
Recurring deposit
Explain the following concepts or give definitions.
Savings deposits
State whether the following statements are True or False with reasons :
The interest is more on savings deposits.
State whether the following statements are True or False with reason:
Interest rate is more for fixed deposits.
Answer with reasons whether you agree or disagree with the following statement:
The commercial banks perform many useful works for the people.
Distinguish between:
Central Bank and Commercial Bank
State whether the following statement is True or False.
Commercial banks are the backbone of modern economy.
State whether the following statement is True or False.
The saving bank deposit can be opened with a small amount.
State whether the following statement is True or False.
There is no difference between primary deposit and secondary deposit of a commercial bank.
Define explain the following concept.
Discounting of bills
Give reason or explain the following statement:
Commercial banks provide agency functions to earn profits.
Give reason or explain the following statement:
Overdraft facility is provided to current account holders.
Distinguish between:
Call loans and long term loans
Distinguish between:
Cash credit and overdraft facility
Write short note on:
D-mat account
State with reason whether you agree or disagree with the following statement.
Commercial banks perform many general utility services.
What are the primary functions of commercial banks?
Answer in detail:
Explain the process of credit creation.
State with reason whether you 'agree' or 'disagree' with the following statement.
Credit creation of commercial banks is based on primary deposits.
Explain the functions of a commercial bank.
What is credit creation?
Explain the role of Commercial Banks in economic development.
State any two components of ‘Net Factor Income from Abroad’.
What are the important features of a capitalist economy?
The process of money creation or credit creation is done by ______
Which of the following are the functions of a commercial bank?
What role of RBI is known as 'lender of last resort'?
Which of the following are the agency functions of commercial banks?
The word 'net' implies that ______ is to be included in the money supply.
Kalpana said that Commercial Bank is the controller of credit. Geeta said that the Central Bank is the controller of credit. Bobby said that both the commercial bank and the Central Bank are the controller of credit. Who among them is not correct?
Identify the correctly matched pair of the items in Column A to that of Column B
| Column A | Column B | ||
| 1 | Money | (a) | Supply of Money |
| 2 | Commercial Bank | (b) | Store of Value |
| 3 | Central Bank | (c) | Credit Control |
| 4 | M4 | (d) | Circulation of Money |
Railways is an example of:
Which of the following statements is not true?
The Narrow concept of money includes ______
It takes Rohan 30 minutes to do an economics assignment and one hour to do a finance assignment. What is the opportunity cost of you doing two economics assignments?
_________ is an institution that accept deposits for lending purposes.
