WebJan 27, 2024 · Which of the following is the function of a commercial bank? (A) Accepting deposits (B) Credit creation (C) Agency function (D) All of these Answer Question 8. The central bank can increase the availability of credit by: (A) Rasing repo rate (B) Raising reverse repo rate (C) Buying government securities (D) Selling government securities … WebThe most important thing a commercial bank does is take deposits. The public gives the bank money in the form of deposits, which the bank uses to make loans. They have to be paid back when asked. Banks usually accept the following kinds of deposits: Current Deposits. Savings Deposits. Fixed Deposits. Recurring Deposits 1. Current Deposits

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The functions of commercial banks are classified into two main divisions. (a) Primary functions Accepts deposit : The bank takes deposits in the form of saving, current, and fixed deposits. The surplus balances collected from the firm and individuals are lent to the temporary requirements of the … See more A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the … See more Few examples of commercial banks in India are as follows: 1. State Bank of India (SBI) 2. Housing Development Finance Corporation (HDFC) Bank 3. Industrial Credit and Investment Corporation of India (ICICI) Bank 4. Dena … See more There are three different types of commercial banks. Private bank –: It is a type of commercial banks where private individuals and businesses own a majority of the share capital. … See more WebDec 17, 2024 · The functions of money includes: (a) Value determination (b) Store of value (c) Means of exchange (d) All of these Answer Question 11. Money is matter which is: (a) a measure of value (b) accepted as a means of exchange (c) used to store wealth (d) All of these Answer Question 12. By supply of money we mean : (a) Money deposited in bank pdf to adobe indesign converter

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WebJan 29, 2024 · Two functions of money are given below: (i) Money as a Unit of value: Money acts as a convenient unit of account. The value of all goods or services can be expressed in monetary units. Money as a unit of value helps in measuring the value of exchange for various goods and services. WebThe important functions of industrial banks are: fCommercial Banking 3 1. They accept long term deposits. 2. They meet the credit requirements of industries by extending long term loans. 3. These banks advise the … WebPrimary Functions of Commercial Bank Accepting the Deposits Advancing the Loans Credit Creation A Cheque for paying the funds Paying and Collecting the Credit … pdf to acad lt converter