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प्रश्न
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 : ______.
पर्याय
Advancing of loans
Credit creation
Providing overdraft facility
Transfer of funds
उत्तर
The primary function of a commercial bank : Acceptance of deposit, the agency function of a commercial banks : Transfer of funds.
Explanation:
- The first pair represents the relationship between a commercial bank's basic function (deposit acceptance) and its purpose.
- Similarly, in the second pair, a commercial bank's agency function involves working on behalf of customers to deliver certain services, such as financial transfers.
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संबंधित प्रश्न
Discuss any five advantages of having a bank account.
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From which type of deposits, money can be withdrawn only after the maturity date?
Compare the rate of interest given to such an account to that of a Current Account and a Fixed Deposit.
What are current deposits?
