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प्रश्न
Observe the relationship of the first pair of word and complete the second pair.
The primary function of a commercial bank : Acceptance of deposit, the agency function of a commercial banks : ______.
विकल्प
Advancing of loans
Credit creation
Providing overdraft facility
Transfer of funds
उत्तर
The primary function of a commercial bank : Acceptance of deposit, the agency function of a commercial banks : Transfer of funds.
Explanation:
- The first pair represents the relationship between a commercial bank's basic function (deposit acceptance) and its purpose.
- Similarly, in the second pair, a commercial bank's agency function involves working on behalf of customers to deliver certain services, such as financial transfers.
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संबंधित प्रश्न
Discuss any five advantages of having a bank account.
Explain briefly the five agency functions of a commercial bank.
How do commercial banks mobilise deposits from the public?
Explain the features of savings bank account.
Identify the agency functions of the commercial banks from the following:
Which is the primary function of Commercial Banks?
What is the difference between a loan and an overdraft?
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.
