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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
Write Short Note on the following:
Types of banks
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Mention two differences between the Central Bank and a Commercial Bank.
Explain the different types of banks.
Choose the Correct Answer.
Which bank is not an Industrial Bank?
Give the meaning of Commercial Banks?
Briefly explain about Correspondent Banks?
What are Foreign Banks?
Explain the various types of banks based on organization with examples.
Explain the types of banks based on ownership patterns.
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
Distinguish between the Central Bank and the Commercial Bank.
What is a Central Bank?
Assertion: Central banks control credit.
Reasoning: Commercial banks issue bank drafts.
RBI is ______.
Which of the following is a Commercial Bank?
It carries out the country's monetary policy.
______ is the apex institution of the country's monetary and banking structure where as ______ is one of the organs of the money market.
“The central bank is a banker’s bank.” Explain.
"The central bank is the lender of the last resort." Explain.
Distinguish between saving account and current account.
Explain main functions of commercial bank.
What is meant by the central bank of a country?
Describe the advantages of opening a bank account.
The ______ of a country serves as the leader of the banking system and the money market.
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
Why was EXIM Bank set up in India?
Which type of bank is called the apex bank of India?
What is the main function of commercial banks like SBI and HDFC?
Regional Rural Banks (RRBs) are primarily established to ______.
How do banks act as financial intermediaries in an economy?
