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प्रश्न
Commercial banks accept deposits, lend money and provide other services.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
उत्तर
This statement is True.
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Commercial Banks: Functions
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संबंधित प्रश्न
Name one commercial bank in India.
Identify the agency functions of the commercial banks from the following:
State the differences between a loan and an overdraft.
Study the picture below and explain any two of its functions.
What is meant by Discounting of a Bill of Exchange?
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
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"` |
What is the difference between a loan and an overdraft?
What are current deposits?
Explain three main features of a current bank account.
