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प्रश्न
What is meant by demand deposits?
What are demand deposits or current deposits?
उत्तर
Demand deposits or current deposits refer to those deposits which are payable by the bank on demand by their depositors.
संबंधित प्रश्न
State two advantages of a bank account.
Briefly explain how Cash Reserve Ratio can be used to control credit.
Name one commercial bank in India.
What are current accounts?
______ deposits earn very low rate of interest on it.
With reference to the secondary functions of a Commercial Bank, explain the general utility function.
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 any two Lending Money functions of Commercial Banks.
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
Which of the following statements are true?
- A bank collects money from those who have surplus funds and lends this money to those who require it.
- Commercial banks do not transfer funds from one place to another.
- The principle objective of commercial banks is to earn profit.
