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प्रश्न
What is a commercial bank?
What is meant by the term commercial bank
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उत्तर
- A commercial bank is a profit-driven business that deals in money and credit. This is a financial institution that accepts public deposits and holds them in safe custody.
- Additionally, it provides credit to those in need by advancing money from deposits. It serves as a reason for saving in the economy.
- A bank serves as an account for household savings and interest-bearing loans for commercial and productive purposes.
- The Banking Companies Act of India defines Bank as “A Bank is a financial institution which accepts money from the public for the purpose of lending or investment repayable on demand or otherwise withdrawable by cheques, drafts or orders or otherwise.”
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संबंधित प्रश्न
Any ‘five types’ of banks.
A bank which is known as bankers bank.
How is a commercial bank different from a central bank?
Select the proper option from the options given below and rewrite the sentences:
In E-business, payments have to be made ______
State with Reasons whether the following statement is TRUE or FALSE:
Central bank (RBI) connot accept deposit from the public.
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
Distinguish between:
Fixed Deposit Account and Recurring Deposite Account.
Mention two differences between the Central Bank and a Commercial Bank.
Choose the Correct Answer.
Which bank is not an Industrial Bank?
Explain the types of banks based on ownership patterns.
Distinguish between the Central Bank and the Commercial Bank.
What is a Central Bank?
Which of the following banks regulate the supply of money in the economy?
Assertion: Central banks control credit.
Reasoning: Commercial banks issue bank drafts.
Which of the following is a Commercial Bank?
It carries out the country's monetary policy.
Central bank is owned by the ____ while commercial bank is owned by ______.
Name the central bank of our country.
Distinguish between saving account and current account.
Give two agency functions of commercial banks.
What is meant by the central bank of a country?
What are the important functions of Central Bank? Which of these functions are more important in a country like India?
Describe the advantages of opening a bank account.
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
______ is a Banker’s Bank.
Why was EXIM Bank set up in India?
What is the main function of commercial banks like SBI and HDFC?
Development banks like SIDBI and NABARD mainly focus on ______.
Which type of bank provides only basic banking services and is not allowed to give loans?
Small Finance Banks are mainly designed to serve ______.
Which type of bank is most closely associated with foreign trade finance and foreign exchange services?
