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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.
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
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.
Explain the types of banks?
Mention two differences between the Central Bank and a Commercial Bank.
Choose the Correct Answer.
Which bank is not an Industrial Bank?
Briefly explain about Correspondent Banks?
What are Foreign Banks?
Write a short note on Local Area Banks, Give two examples.
Explain the various types of banks based on organization with examples.
Explain the types of banks based on ownership patterns.
What is a Central Bank?
RBI is ______.
Which of the following is a Commercial Bank?
The central bank of a country serves as the leader of the banking system and the money market.
It acts as the bankers' bank.
Name the largest commercial bank of India.
Distinguish between saving account and current account.
Explain main functions of commercial bank.
What is a Banker’s Cheque?
______ 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?
Which type of bank mainly provides long-term credit for agriculture?
Which bank specifically supports India’s exports and imports through long-term finance?
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 ______.
