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प्रश्न
Mention primary functions of commercial banks.
उत्तर
There are two primary functions of the commercial banks.
- Accepting Deposits: The primary function of commercial banks is to accept deposits from the public. They accept deposits from every class and from every source.
- Advancing of Loans: The second most important function of commercial banks is to make loans and advances. Commercial banks give loans and advances to businessmen, farmers, consumers and employers against approved securities.
संबंधित प्रश्न
Mention two differences between fixed deposits and demand deposits.
What are Commercial banks?
Explain any one type of term deposit.
Explain any two Lending Money functions of Commercial Banks.
What are the two main functions of a commercial bank?
Differentiate between current deposit account and fixed deposit account.
Observe the relationship of the first pair of word and complete the second pair.
The primary function of a commercial bank : Acceptance of deposit, the agency function of a commercial banks : ______.
Overdraft facility is usually availed by ______.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Commercial Banks keep only a fraction of deposits as Cash Reserves and use the remaining deposits for given loans, etc.
Reason (R): All the depositors of Commercial Banks do not approach the banks for withdrawal of money at the [iame time and also they do not withdraw the entire amount in one go.
Explain clearly three methods adopted by Commercial Banks to borrow money from the public.
