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A commercial bank accepts deposits from the people for the purposes of giving loans and making investments. - Economic Applications

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प्रश्न

A commercial bank accepts deposits from the people for the purposes of giving loans and making investments. 

विकल्प

  • True

  • False

MCQ
सत्य या असत्य
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उत्तर

The statement is True.

Explanation:

A commercial bank's primary functions include accepting deposits from individuals and businesses and using those deposits to provide loans and make investments. 

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अध्याय 8: Commercial Banks - QUESTIONS [पृष्ठ १९७]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 8 Commercial Banks
QUESTIONS | Q 15. | पृष्ठ १९७
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