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प्रश्न
Distinguish between.
Central Bank and Commercial Bank
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उत्तर
| Central Bank | Commercial Bank |
| 1. Function: The main function of the central bank is to regulate the money supply in the country. |
The main function is to accept deposits from the public and lend it to industry and others. |
| 2. Printing of Currency: The central bank can print currency notes. |
Commercial banks cannot print currency |
| 3. Acceptance of Deposits: The central bank does not accept deposits from the public. |
Commercial banks accept deposits from the public. |
| 4. Loans The central bank provides loans to bankers and financial institutions. |
Commercial banks provide loans to industry and commerce. |
| 5. Ownership: It is owned and controlled by the government of India. |
It can be owned by private and/or government agencies. |
| 6. Number of Banks: There is only one Central Bank (RBI) in India. |
There are many commercial banks in India. |
| 7. Monetary policy The Central Bank frames the monetary and credit policy. |
Commercial banks do not frame any monetary policy |
|
8. Control The central bank keeps a check on commercial banks. |
Commercial banks do not keep a check on the central bank. |
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संबंधित प्रश्न
Distinguish between the following:
Current account & Savings account
Find the odd one.
The term bank comes from the French word ______.
Select the correct option and complete the following table.
(RTGS, SIDBI, apex financial institution in banking industry of country, recurring deposit, long term loans)
| Group A | Group B |
| 1 _________ | fund transfer on real-time and gross basis |
| 2. loans to meet long term capital requirements | ________ |
| 3 ____________ | Account operated by salaried and businessmen both. |
| 4. Central bank | _____________ |
| 5 _____________ | Principal financial institution for MSMEs |
Correct the underlined word and rewrite the following sentence.
Overdraft facility is available for savings bank account holders.
Explain the following term/concept.
Banking
Distinguish between.
Savings Account and Current Account
State four types of deposits.
Explain the utility function of banks?
The word bank comes from French word _______.
Select the correct option.
(no need to carry cash, intangible, fund transfer system, accepting deposits, niche banks in India)
| Group A | Group B |
| A. _____________ | services |
| B. commercial bank | ______________ |
| C. _____________ | Small finance bank |
| D. credit cards | _______________ |
| E. _____________ | RTGS |
What is exchange bank?
Correct the underlined word and rewrite the sentence.
The commercial bank is the apex financial institution in banking industry in the country.
Study the following case/situation and express your opinion
Shirish shifted some furniture to his office and issues a cheque of Rs. 20000/- to MV Movers Limited. Balance in his account is Rs. 15000 still bank clears the cheque. Shirish also wants to renovate his office so he applies for a loan of Rs. 25 lacs which bank sanctions and transfer the amount to loan account. But Shirish withdrew only Rs. 15 lacs. Shirish accepted a bills of exchange for Rs. 5 lacs drawn upon him by M/s. Creative Furnitures for supplying new furniture for his office it is due on 31st May, 2021 but M/s. Creative Furnitures needed money on 1st April, 2021. They got Rs. 4.75 lacs from the bank on the basis of the same bills of exchange.
- Name the type of account Shirish must be operating
- On which amount Shirish will have to pay interest on loan?
- Which service did the bank make available to easy M/s. Creative Furnitures while paying rupees 4.75 lacs?
Justify the following statement.
Business services are necessary.
