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प्रश्न
What are Commercial banks?
उत्तर
Banks that deal with money and credit are known as commercial banks. They collect public deposits, advance loans, create credit, and provide basic financial goods to both individuals and businesses. The primary function of a commercial bank is to provide financial services to the general public and businesses while also assuring economic and social stability and long-term economic growth.
APPEARS IN
संबंधित प्रश्न
Discuss any five advantages of having a bank account.
Explain two methods adopted by Commercial banks to advance loans to the general public.
Write about any three general utility functions of Commercial Bank.
Explain the features of savings bank account.
Distinguish between:
cash credit and loan.
Explain the term bank overdraft.
Mention primary functions of commercial banks.
What is the difference between a loan and an overdraft?
Which of the following is a function of a commercial bank? Give a reason to support your answer:
Give two differences between recurring deposits and fixed deposits.
