WebJan 29, 2024 · What is a commercial bank? Answer: Commercial bank is a financial institution that accepts deposits from the public and advances loans to other people in order to earn profits. Question 11. What are the functions of commercial banks? Answer: The main functions of commercial banks are accepting deposits and advancing loans. … WebOct 13, 2024 · MCQ Questions for Class 11 Business Studies: Ch 8 Sources of Business Finance 1. Public deposits are the deposits that are raised directly from (a) The public (b) The owners (c) The directors (d) The auditors (a) The public 2. Which of the following is a commercial bank? (a) Punjab National Bank (b) Canara bank (c) State …
Types of Banks in India - Category and Functions of Banks …
WebMar 28, 2024 · 2 Advancing of Loans. Different types of loans and advances made by commercial banks are: (i) Cash Credit. It refers to the loan given to the borrower against their current assets like shares, stocks etc. (ii) Demand Loans. It refers to those loans which can be recalled on demand by the bank any time. (iii) Short-term Loans. Web1. Accelerating the Rate of Capital Formation: Commercial banks encourage the habit of thrift and mobilise the savings of people. These savings are effectively allocated among the ultimate users of funds, i.e., investors for productive investment. So, savings of people result in capital formation which forms the basis of economic development. 2. professional bedroom set movers pismo beach
Credit Creation by Commercial Bank: Limitations of Credit …
WebMar 27, 2024 · I. Primary Function: The primary functions of commercial banks are as follows: (a) Accept Deposits: The main function of commercial banks is accepting deposits. They maintain , different types of deposits from the public. They are as follows: (i) Current account deposits: These are the deposits payable on demand. WebBusiness Services Class 11 MCQ Business Studies 11.)Commercial banks are governed by: A) The Indian Banking Regulation Act 1949 B) The Companies Act, 2013 C) The Indian Contract Act, 1872 D) The Indian Penal Code Answer 12.)Commercial banks can be categorized as: A) Specialized bank and cooperative bank WebApr 8, 2024 · Regulator of Currency- The main function of the central bank is to print currency notes and RBI has the sole right in the country for this operation. RBI prints money of all denominations apart from 1 rupee note. It is the ministry of finance that issues 1 rupee note. Banker and Advisor to the Government- This role of the central bank is of a ... reload 450 bushmaster