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प्रश्न
Give the meaning of Commercial Banks?
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उत्तर
Banks that accept deposits from the public and grant loans to traders, individuals, agriculture, industries, transport, etc., in order to earn profit.
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संबंधित प्रश्न
Distinguish between the following:
Current account & Recurring deposit account
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Explain the different types of banks.
What do you mean by Industrial Banks?
Mention the purposes of Agricultural and Cooperative banks?
Which of the following banks regulate the supply of money in the economy?
It acts as the bankers' bank.
Central bank is owned by the ____ while commercial bank is owned by ______.
"The central bank is the lender of the last resort." Explain.
What is a commercial bank?
