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प्रश्न
Distinguish between:
Current account and saving account
उत्तर
| Basis | Current account | Savings account |
| Definition | Current accounts are those accounts which facilitate their consumers to carry out day to day transactions. | Savings accounts encourage their consumers to save. |
| Interest rate offered | These accounts offer minimal interest rates or no interest. | These accounts offer comparatively higher interest rates. |
| Users | They are mostly created by big companies, businessmen, traders etc. | They are mostly created by the salary class, farmers etc. |
| Overdraft facility | This facility is available for a current account. | This facility is not available for a savings account. |
APPEARS IN
संबंधित प्रश्न
Accepting deposits from the public is the................................. function of Commercial Bank.
(secondary / general / primary / incidental)
Providing safe deposit vault facility is the only general function of commercial banks.
Explain the components of Legal reserve Ratio.
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 process of money creation by the commercial banks with the help of a numerical example.
State whether the following statement is true or false:
Central bank also performs commercial banking business.
State whether the following statement is true or false.
The Cash Reserve Ratio does not affect the lending capacity of the commercial banks.
Give reason or explain the following statement:
Rate of interest on fixed deposit is high.
Write short note on :
Credit Creation.
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.
Give reasons or explain the following statement:
Every loan creates a deposit.
State whether the following statements are True or False with reasons :
The interest is more on savings deposits.
Fill in the blank with appropriate alternatives given below
Deposits from __________ account can be withdrawn without any notice.
Match the following:
| Group A | Group B |
| 1. D-mat account | a. Current account |
| 2. Over draft facility | b. Agency function |
| 3. ATM facility | c. Share brokers |
| 4. Commercial bank | d. General function |
| 5. Credit creation | e. Recurring account |
| f. Profit making | |
| g. Central bank | |
| h. Commercial bank |
State whether the following statement is True or False.
Credit money is created by the central bank of a country.
State whether the following statement is True or False.
There is no difference between primary deposit and secondary deposit of a commercial bank.
Define explain the following concept.
Fixed deposits
Define explain the following concept.
Discounting of bills
Give reason or explain the following statement:
Rate of interest on fixed deposit is high.
Write short note on:
E-banking facility
State with reason whether you agree or disagree with the following statement.
A commercial bank create credit on the basis of primary deposit.
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.
Answer the following question.
Explain the money creation function of commercial banks.
Explain the functions of a commercial bank.
The Functions of commercial banks are broadly classified into ______.
Bank credit refers to ______.
Define Commercial banks.
What is credit creation?
Explain the role of Commercial Banks in economic development.
Which of the following points indicates that RBI is controlling the commercial banks?
What are the important features of a capitalist economy?
Which of the following points states that the open market operation helps in controlling credit creation?
What is the effect of a rise in the rate of SLR on the creation of credit?
Which of the following are the functions of a commercial bank?
Which of the following are the other functions of a commercial bank?
Which of the following are the agency functions of commercial banks?
M3 and M4 are known as ______ money.
M4 = ______ + Total deposits with the Post Office Saving Organization (excluding National Saving Certificate).
How Public debt imposes a burden on the economy as a whole?
The word 'net' implies that ______ is to be included in the money supply.
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?
In the case of Gross Domestic Capital Formation, which one will be the part of it?
The Narrow concept of money includes ______
_________ is an institution that accept deposits for lending purposes.
