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प्रश्न
Which of the following is a function of a commercial bank? Give a reason to support your answer:
विकल्प
Acting as a lender of the last resort.
Deciding what is legal tender.
Determining monetary policy.
Provide cash credit facility.
उत्तर
Provide cash credit facility.
Reason:
A commercial bank is responsible for providing cash credit facilities. Commercial banks provide cash credit as part of their lending services, allowing firms to withdraw funds as needed up to a predetermined credit limit. This helps to meet short-term cash needs or working capital requirements.
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संबंधित प्रश्न
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