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प्रश्न
Distinguish between.
Central Bank and Commercial Bank
उत्तर
| Central Bank | Commercial Bank |
| 1. Function: The main function of the central bank is to regulate the money supply in the country. |
The main function is to accept deposits from the public and lend it to industry and others. |
| 2. Printing of Currency: The central bank can print currency notes. |
Commercial banks cannot print currency |
| 3. Acceptance of Deposits: The central bank does not accept deposits from the public. |
Commercial banks accept deposits from the public. |
| 4. Loans The central bank provides loans to bankers and financial institutions. |
Commercial banks provide loans to industry and commerce. |
| 5. Ownership: It is owned and controlled by the government of India. |
It can be owned by private and/or government agencies. |
| 6. Number of Banks: There is only one Central Bank (RBI) in India. |
There are many commercial banks in India. |
| 7. Monetary policy The Central Bank frames the monetary and credit policy. |
Commercial banks do not frame any monetary policy |
|
8. Control The central bank keeps a check on commercial banks. |
Commercial banks do not keep a check on the central bank. |
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संबंधित प्रश्न
Distinguish between the following:
Current account & Savings account
Find the odd one.
Find the odd one.
The term bank comes from the French word ______.
_________ banking refers to the use of banking services with the help of mobile phones.
Select the correct option and complete the following table.
(RTGS, SIDBI, apex financial institution in banking industry of country, recurring deposit, long term loans)
| Group A | Group B |
| 1 _________ | fund transfer on real-time and gross basis |
| 2. loans to meet long term capital requirements | ________ |
| 3 ____________ | Account operated by salaried and businessmen both. |
| 4. Central bank | _____________ |
| 5 _____________ | Principal financial institution for MSMEs |
Correct the underlined word and rewrite the following sentence.
Overdraft facility is available for savings bank account holders.
Correct the underlined word and rewrite the following sentence.
The foreign bank is the apex financial institution in the banking industry in the country.
Distinguish between.
Savings Account and Current Account
State four types of deposits.
Explain the utility function of banks?
The word bank comes from French word _______.
Select the correct option.
(no need to carry cash, intangible, fund transfer system, accepting deposits, niche banks in India)
| Group A | Group B |
| A. _____________ | services |
| B. commercial bank | ______________ |
| C. _____________ | Small finance bank |
| D. credit cards | _______________ |
| E. _____________ | RTGS |
What is demand deposits?
What is exchange bank?
Study the following case/situation and express your opinion
Shirish shifted some furniture to his office and issues a cheque of Rs. 20000/- to MV Movers Limited. Balance in his account is Rs. 15000 still bank clears the cheque. Shirish also wants to renovate his office so he applies for a loan of Rs. 25 lacs which bank sanctions and transfer the amount to loan account. But Shirish withdrew only Rs. 15 lacs. Shirish accepted a bills of exchange for Rs. 5 lacs drawn upon him by M/s. Creative Furnitures for supplying new furniture for his office it is due on 31st May, 2021 but M/s. Creative Furnitures needed money on 1st April, 2021. They got Rs. 4.75 lacs from the bank on the basis of the same bills of exchange.
- Name the type of account Shirish must be operating
- On which amount Shirish will have to pay interest on loan?
- Which service did the bank make available to easy M/s. Creative Furnitures while paying rupees 4.75 lacs?
