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प्रश्न
State the differences between a loan and an overdraft.
फरक स्पष्ट करा
उत्तर
| Loan | Overdraft |
| Opened against the borrower's name, with loans available for short, medium, and long maturities. | When an account holder requires credit in excess of his or her deposit amount, he or she is allowed to borrow the excess amount for a short period. |
| This function is available to all types of account holders. It charges interest on the total borrowed amount. | It is distributed to current account holders. The bank charges interest only on the extra amount. |
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Commercial Banks: Functions
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संबंधित प्रश्न
Explain any one type of term deposit.
Write about any three general utility functions of Commercial Bank.
A depositor is allowed to withdraw more money than what is there in his account:
- What is the facility called?
- In which type of account is it permitted?
Study the picture below and explain any two of its functions.
What are the two main functions of a commercial bank?
Mention any two agency functions/services of a commercial bank.
Explain the term bank overdraft.
Which of the following is not the function of commercial bank?
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
Which of these are known as term/time deposits?
