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प्रश्न
Answer the following question:
Explain various types of deposits.
उत्तर
There are two types of deposits.
1) Demand Deposits
i. Current account deposits
ii. Saving accounts deposits
2) Time Deposits
i. Recurring deposits
ii. Fixed deposits
i. Demand deposits: These are the deposits which can be withdrawn as and when demanded i.e. the withdrawal is not timebound. Demand deposits are of following types.
a. Saving account deposits: A savings account caters to the needs of those individuals who wish to save a part of their income and earn interest on the amount saved. Such deposits are payable on demand i.e. such deposits can be withdrawn by the depositor subject to some limitations.
b. Current account deposits: Current account deposits refer to those deposits that provide the deposit or the liberty to withdraw money at any point of time. Generally, current account deposits prove useful for businessmen as they are required to deal with many transactions in a single day. Such deposits do not offer any rates of interest.
ii. Time deposits: These are the deposits which can be withdrawn only after a certain period of time. Unlike demand deposits, they are not payable as and when demanded. These are of two types
a. Recurring deposits: Under this account, the customer deposits a fixed amount periodically up to a certain period. The amount keeps on getting accumulated. An interest is provided on these deposits and the amount can be withdrawn only after the end of a particular period of time.
b. Fixed deposits: Fixed account deposits refer to those deposits that are held for a fixed (specific) period of time (called the maturity period). These deposits cannot be withdrawn before the maturity period. Hence, they are not payable on demand. Also, these deposits are non-cheque able deposits. However, due to the longer lock-in period involved in the fixed account deposits, these deposits involve a higher rate of interest than that earned on the savings account deposits.
संबंधित प्रश्न
Accepting deposits from the public is the................................. function of Commercial Bank.
(secondary / general / primary / incidental)
Explain different types of loans and advances provided by commercial banks.
Providing safe deposit vault facility is the only general function of commercial banks.
Explain the process of credit creation by commercial banks.
A bank is an institution which deals in money and _____________
(commodity money/credit/barter/standard money)
Explain the agency function of commercial banks.
Explain the various types of deposits.
Explain, with reason, whether you Agree or Disagree with the following statement.
Commercial banks provide many general utility services.
Fill in the blank using proper alternatives given in the bracket:
............................... is a primary function of commercial bank.
Answer the following question :
What are the different types of loans provided by commercial banks ?
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
Commercial bank can credit on the basis of primary deposit.
Write short Answer for the following question:
Explain various types of Bank Deposits ?
Write short notes (Any Two)
Types of loans of commercial bank.
Write explanatory note.
Primary functions of commercial bank.
State whether the following statements are TRUE or FALSE:
Commercial banks play an important role in economic development.
Define of Explain the following concept:
Recurring deposit
Explain the following concepts or give definitions.
Savings deposits
State whether the following statements are True or False with reasons :
The interest is more on savings deposits.
State whether the following statements are True or False with reason:
Interest rate is more for fixed deposits.
Answer with reasons whether you agree or disagree with the following statement:
The commercial banks perform many useful works for the people.
Fill in the blank with appropriate alternatives given below
__________ is a primary function of commercial banks.
Fill in the blank with appropriate alternatives given below
Facility of E-banking is provided through __________
State whether the following statement is True or False.
The saving bank deposit can be opened with a small amount.
Define explain the following concept.
Cash credit
Define explain the following concept.
Safe deposit vault
Define explain the following concept.
Discounting of bills
Distinguish between:
Current account and saving account
Write short note on:
Derivative deposit
Write short note on:
D-mat account
Write short note on:
Long term loans
State with reason whether you agree or disagree with the following statement.
A commercial bank create credit on the basis of primary deposit.
State with reason whether you agree or disagree with the following statement.
Commercial banks perform many general utility services.
State whether the following statement is True or False :
Loans given by banks for a period of less than five years is known as long - term loan.
Explain the functions of a commercial bank.
Define Commercial banks.
What is credit creation?
Write the mechanism of credit creation by commercial banks.
Which of the following points indicates that RBI is controlling the commercial banks?
What are the important features of a capitalist economy?
The process of money creation or credit creation is done by ______
Which of the following are the functions of a commercial bank?
Which of the following are the other functions of a commercial bank?
What role of RBI is known as 'lender of last resort'?
Consider the following statements:
- M1 is a broad concept of money.
- M2 is a narrow concept of money.
- M3 includes both M1 and lime deposit of public with the bank.
Which of the following is true with respect to the concept of supply of money?
Kalpana said that Commercial Bank is the controller of credit. Geeta said that the Central Bank is the controller of credit. Bobby said that both the commercial bank and the Central Bank are the controller of credit. Who among them is not correct?
Commercial Bank was facing a financial crisis due to the crisis of non-performing assets. It went to the RBI for help. What role will RBI play in such a case?
Railways is an example of:
M3 = ______
Which of the following statements is not true?
It takes Rohan 30 minutes to do an economics assignment and one hour to do a finance assignment. What is the opportunity cost of you doing two economics assignments?
_________ is an institution that accept deposits for lending purposes.
