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प्रश्न
Give two advantages of depositing money with commercial banks.
Why do we deposit money with commercial banks?
Why do people deposit money in banks? Give two advantages of depositing money with commercial banks.
उत्तर
People keep their surplus money in banks because:
- They earn interest income.
- Their money remains safe.
- They keep money in banks for convenience of making payments through cheques.
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संबंधित प्रश्न
Briefly explain how Cash Reserve Ratio can be used to control credit.
What are term/time deposits?
With reference to the secondary functions of a Commercial Bank, explain the general utility function.
Match the following:
| 1 | Savings account | P | For a fixed time period |
| 2 | Current account | Q | Deposited at an equal time period |
| 3 | Recurring account | R | No interest is paid |
| 4 | Fixed deposit | S | Nominal restriction in no. of withdrawals |
Mention any two agency functions/services of a commercial bank.
Explain the term bank overdraft.
Write short notes on the primary functions of commercial banks.
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
Compare the rate of interest given to such an account to that of a Current Account and a Fixed Deposit.
What is meant by demand deposits?
