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प्रश्न
Explain the following term/concept.
Banking
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उत्तर
- The term Bank comes from the French word ‘Banco’, which means a ‘bench’. In earlier days, money-lenders used to display coins of different currencies in big heaps on benches or tables for the purpose of lending or exchanging.
- A bank is a financial institution that deals with deposits, advances, and related services. A bank provides various services related to consumers' money and financial needs.
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संबंधित प्रश्न
Distinguish between the following:
Current account & Savings account
Find the odd one.
Find the odd one.
The term bank comes from the French word ______.
_________ banking refers to the use of banking services with the help of mobile phones.
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.
The foreign bank is the apex financial institution in the banking industry in the country.
Distinguish between.
Central Bank and Commercial Bank
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 _______.
What is demand deposits?
Correct the underlined word and rewrite the sentence.
The commercial bank is the apex financial institution in banking industry in the country.
Justify the following statement.
Business services are necessary.
Explain the following term/concept in detail.
Central Bank
