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Write the meaning of ‘Bank.’ - Commerce

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प्रश्न

Write the meaning of ‘Bank.’

एका वाक्यात उत्तर

उत्तर

In simple words, a bank is an institution, which deals in money and credit. The Bank normally refers to Commercial Bank.

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पाठ 10: Reserve Bank of India - Exercises [पृष्ठ ९५]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
पाठ 10 Reserve Bank of India
Exercises | Q II. 2. | पृष्ठ ९५

संबंधित प्रश्‍न

Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.


Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.


Select the correct answer from the options given below and rewrite the statement.
The appointment of banker is usually made by the _______.


State whether the following statement is true or false :
Joint Stock Company opens Current Account.


State whether the following statement is true or false :
Overdraft facility is granted to Savings account holders.


Find the odd one:


Select the correct option from below

Group ‘A’ Group ‘B’
Overdraft __________

Select the correct option from below

Group ‘A’ Group ‘B’
International Trade Transactions __________

Answer in one sentence:
What is a Letter of Credit?


Answer in one sentence:
Which facility is given to Current Account holder?


Explain the following term/concept:
Letter of Credit


Explain the following term/concept:
Savings Deposits


Explain the following term/concept:
Demand Deposits


 Explain the following term/concept:
 Bank


Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.


Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.


Choose the Correct Answer.

Bankers are not only dealers of money but also leaders in ______


Choose the Correct Answer.

The Local Area Banks are promoting ______


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