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प्रश्न
A depositor is allowed to withdraw more money than what is there in his account:
- What is the facility called?
- In which type of account is it permitted?
थोडक्यात उत्तर
उत्तर
- This facility is known as Overdraft facility.
- This facility is typically available to depositors who have a current account.
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Commercial Banks: Functions
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
Define a commercial bank.
Which of the following does not belong to the group?
Name one commercial bank in India.
Explain any four advantages of a bank account.
How is discounting of a bill of exchange a form of bank lending?
Demand deposits include ______ and _______.
The current account holders are not given interest on their deposits. The reason being:
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I.
| Column I | Column II | ||
| A. | Function of Commercial bank | (i) | Initial deposits × `1/"LRR"` |
| B. | Money multiplier | (ii) | The difference between market value of the security and the amount of loan. |
| C. | Total money creation | (iii) | Acceptance of deposits |
| D. | Margin requirement | (iv) | `1/"LRR"` |
Give two advantages of depositing money with commercial banks.
What are saving bank accounts?
