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प्रश्न
What are saving bank accounts?
What is a savings bank account?
संक्षेप में उत्तर
उत्तर
- A savings account is a deposit account that allows you to deposit your money that you don’t plan to spend immediately.
- Savings deposit accounts are generally held by households who have idle or surplus money for a short period.
- A low rate of interest is paid on them.
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Commercial Banks: Functions
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संबंधित प्रश्न
Which of the following does not belong to the group?
What are term/time deposits?
______ is a revolving credit arrangement.
Assertion (A): Central Bank provides loans to the commercial bank in the situation of financial distress.
Reasoning (R): Central Bank can order the government to help the bank facing the financial crisis.
Explain the features of savings bank account.
Match the following:
| 1 | Savings account | P | For a fixed time period |
| 2 | Current account | Q | Deposited at an equal time period |
| 3 | Recurring account | R | No interest is paid |
| 4 | Fixed deposit | S | Nominal restriction in no. of withdrawals |
The advantage of having a bank account is that it ______.
Which of the following is a function of a commercial bank? Give a reason to support your answer:
Explain three important functions of a commercial bank.
Explain three ways by which commercial banks advance loans to the public.
