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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.”
APPEARS IN
संबंधित प्रश्न
Any ‘five types’ of banks.
Reserve Bank of India cannot accept deposits from public.
Select the proper option from the options given below and rewrite the sentences:
In E-business, payments have to be made ______
Distinguish between the following:
Current account & Recurring deposit account
Write Short Note on the following:
Types of banks
State with Reasons whether the following statement is TRUE or FALSE:
Central bank (RBI) connot accept deposit from the public.
Distinguish between:
Fixed Deposit Account and Recurring Deposite Account.
Explain the types of banks?
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?
Briefly explain about Correspondent Banks?
Explain the types of banks based on ownership patterns.
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.
Public Banks are the banks which are ______.
RBI is ______.
Which of the following is a Commercial Bank?
It acts as the bankers' 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.
Central bank is owned by the ____ while commercial bank is owned by ______.
Name the largest commercial bank of India.
Distinguish between saving account and current account.
Explain main functions of commercial bank.
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.
What is a Banker’s Cheque?
Explain the four functions of the Reserve Bank of India.
