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प्रश्न
Which is the primary function of Commercial Banks?
पर्याय
Accepting deposits
Advancing of loans
Both accepting deposits and advancing of loans
None of these
उत्तर
Both accepting deposits and advancing of loans
Explanation:
The primary functions of commercial banks are;
- Accepting Deposits: Commercial banks accept deposits from the public, which can be in the form of savings, current, or fixed deposits.
- Advancing Loans: Commercial banks use the deposited funds to provide loans to individuals, businesses, and other entities.
Both functions are fundamental to the operation of commercial banks, making them equally important primary functions.
संबंधित प्रश्न
How do commercial banks mobilise deposits from the public?
Which of the following does not belong to the group?
State two advantages of a bank account.
Assertion (A): Central Bank provides loans to the commercial bank in the situation of financial distress.
Reasoning (R): Central Bank can order the government to help the bank facing the financial crisis.
Distinguish between fixed deposit and demand deposit. (Any two)
Explain any four advantages of a bank account.
Explain the term bank overdraft.
What is creation of credit?
Give two differences between recurring deposits and fixed deposits.
Explain three main features of a current bank account.
