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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?
Distinguish between the following:
Current account & Recurring deposit account
State with Reasons whether the following statement is TRUE or FALSE:
Central bank (RBI) connot accept deposit from the public.
Mention two differences between the Central Bank and a Commercial Bank.
Explain the different types of banks.
Choose the Correct Answer.
Foreign banks are begun their operation since ______
Give the meaning of Commercial Banks?
What do you mean by Industrial Banks?
Briefly explain about Correspondent Banks?
What are Foreign Banks?
Write a short note on Local Area Banks, Give two examples.
Explain the types of banks based on ownership patterns.
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.
Name the largest commercial bank of India.
"The central bank is the lender of the last resort." Explain.
Distinguish between saving account and current account.
Give two agency functions of commercial banks.
Explain main functions of commercial bank.
Describe the advantages of opening a bank account.
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.
How do exchange banks help in financing foreign trade?
Why was EXIM Bank set up in India?
