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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.
Reserve Bank of India cannot accept deposits from public.
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Types of banks
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Distinguish between:
Fixed Deposit Account and Recurring Deposite Account.
Mention two differences between the Central Bank and a Commercial Bank.
Explain the different types of 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.
Distinguish between the Central Bank and the Commercial Bank.
Public Banks are the banks which are ______.
It acts as the bankers' bank.
______ 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 central bank of our country.
Name one development bank.
“The central bank is a banker’s bank.” Explain.
What is meant by an overdraft facility given by a commercial bank?
"The central bank is the lender of the last resort." Explain.
Give two agency functions of commercial banks.
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?
Why was EXIM Bank set up in India?
Explain the four functions of the Reserve Bank of India.
Which type of bank mainly provides long-term credit for agriculture?
Which type of bank provides only basic banking services and is not allowed to give loans?
Small Finance Banks are mainly designed to serve ______.
How do banks act as financial intermediaries in an economy?
