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प्रश्न
What are Commercial banks?
उत्तर
Banks that deal with money and credit are known as commercial banks. They collect public deposits, advance loans, create credit, and provide basic financial goods to both individuals and businesses. The primary function of a commercial bank is to provide financial services to the general public and businesses while also assuring economic and social stability and long-term economic growth.
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संबंधित प्रश्न
What are term/time deposits?
Explain any one type of term deposit.
What are current accounts?
Which account holder gets Overdraft facility?
Differentiate between current deposit account and fixed deposit account.
A ______ is meant for day to day transactions.
Which is the primary function of Commercial Banks?
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
Give two advantages of depositing money with commercial banks.
What is the difference between a loan and an overdraft?
