Advertisements
Advertisements
Question
Give the meaning of Commercial Banks?
Solution
Banks that accept deposits from the public and grant loans to traders, individuals, agriculture, industries, transport, etc., in order to earn profit.
APPEARS IN
RELATED QUESTIONS
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Choose the Correct Answer.
Foreign banks are begun their operation since ______
Mention the purposes of Agricultural and Cooperative banks?
Name the largest commercial bank of India.
What is meant by an overdraft facility given by a commercial bank?
"The central bank is the lender of the last resort." Explain.
Explain main functions of commercial bank.
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
How do exchange banks help in financing foreign trade?
Explain the four functions of the Reserve Bank of India.