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प्रश्न
State with reason whether you agree or disagree with the following statement.
Commercial banks perform many general utility services.
उत्तर
Yes, I agree with the given statement. Apart from providing primary services and agency services to their customers, banks also provide some general utility services. For providing such services, banks charge some commission.
These utility services include:
i. Commercial banks provide safe deposit vault/ locker facility to its customers to keep their valuables.
ii. Remittance of funds through mail transfer,demand draft, mail transfers, etc.
iii. The facility of letters of credit by commercial banks enables the traders to purchase goods on credit.
iiii. Commercial banks provide reference/ status report with respect to financial standing, frequency of payment.
v. Underwriting facility for shares and debentures is another function performed by commercial banks.
APPEARS IN
संबंधित प्रश्न
The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India is
called:( choose the correct alternative)
(a) Statutory liquidity ratio
(b) Deposit ratio
(c) Cash reserve ratio
(d) Legal reserve ratio
How do commercial banks create deposits? Explain.
Explain the process of money creation by the commercial banks with the help of a numerical example.
Answer the following question :
What are the different types of loans provided by commercial banks ?
Write short note on :
Credit Creation.
Fill in the blank with appropriate alternatives given in the bracket :
Commercial banks create __________.
Write answers in ‘one’ or ‘two’ paras each.
What are the primary functions of commercial banks?
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.
Define or Explain the concept
Current deposit
Fill in the blank with appropriate alternatives given below
Deposits from __________ account can be withdrawn without any notice.
Fill in the blank with appropriate alternatives given below
__________ is a primary function of commercial banks.
State whether the following statement is True or False.
Commercial banks are the backbone of modern economy.
Define explain the following concept.
Safe deposit vault
Give reason or explain the following statement:
Saving account deposits are usually opened by salaried class.
Distinguish between:
Cash credit and overdraft facility
Write short note on:
E-banking facility
Write short note on:
D-mat account
Write short note on:
Long term loans
Answer in detail:
Explain the process of credit creation.
Answer in detail:
What are the secondary functions of commercial banks?
State whether the following statement is True or False :
Loans given by banks for a period of less than five years is known as long - term loan.
State with reason whether you 'agree' or 'disagree' with the following statement.
Credit creation of commercial banks is based on primary deposits.
A Commercial Bank is an institution that provides services ______.
Bank credit refers to ______.
Define Commercial banks.
What is credit creation?
Write the mechanism of credit creation by commercial banks.
Explain the role of Commercial Banks in economic development.
CRR is ______
The process of money creation or credit creation is done by ______
Which of the following points states that the open market operation helps in controlling credit creation?
What is the effect of a rise in the rate of SLR on the creation of credit?
Which of the following are the other functions of a commercial bank?
What role of RBI is known as 'lender of last resort'?
If reserve ratio is 10% and primary deposit is ₹1,250 crores, the total deposit created by commercial banks will be ______
High Powered Money includes ______
The word 'net' implies that ______ is to be included in the money supply.
In the present COVID-19 situation, many economists have raised their concerns that the Indian economy may have to face a deflationary situation due to reduced economic activities in the country. Suppose you are a member of the high-powered committee constituted by the Reserve Bank of India (RBl). You have suggested that as the supervisor of commercial banks, ______ (restriction/release) of the money supply be ensured by the Reserve Bank of India (RBI).
Saving deposit in the Post office is a part of ______
In the case of Gross Domestic Capital Formation, which one will be the part of it?
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 |
Which of the following statements is not true?
The Narrow concept of money includes ______
Ms. lqra Ansari, a teacher, was explaining in her class about various types of deposits with the commercial banks. She quoted that - "These deposits form a part of M1 measure of money supply and are payable on demand by the commercial banks."
Identify the type of deposits she was explaining about and choose the correct alternative:
- Demand Deposits
- Time Deposits
- Post Office Deposits
Explain the functions of commercial bank.
