Question

What is the nature of activity of banking and finance companies?

विकल्प

• These organisations are engaged in designing and preparing advertisements.

• These organisations are engaged in accepting deposits and lending money.

• These organisations are engaged in storing and preserving goods on hire.

• These organisations are engaged in buying and selling of goods.

Answer 1

These organisations are engaged in accepting deposits and lending money.

Explanation:

Banking and finance companies primarily focus on financial services such as accepting deposits from customers, offering loans, and providing other financial products like mortgages, investments, and insurance. This distinguishes them from businesses involved in advertising, warehousing, or trading goods, which are described in the other options. Thus, option (b) accurately reflects the core activities of banking and finance companies.