An institution which accepts Deposits, markets Business Loans and offer related services is called:

Commercial Bank

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Savings Bank

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Investment Bank

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Development Bank

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None of the above

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Solution

The correct option is A
Commercial Bank

An Institution which accepts Deposits Market Business Loans and offer related services is called Commercial Bank.

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Similar questions

Q. Name the institution which performs the functions of accepting deposits, granting loans and making investments, with the aim of earning profits.

A commercial bank is a financial institution which performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profits.

Consider the following statements regarding Payment Banks:
1. Payment Banks can't advance loans or issue credit cards.
2. Payment Banks can accept demand deposits up to Rs 5 lakh.
3. Payment Banks offer remittance services, mobile payments/transfers/purchases.
4. Payment Banks offer banking services like ATM/debit cards, net banking and third party fund transfers.
Which of the above statement(s) is/are correct?

Q. Accepting deposits and granting of loans are an example of

Q. "Business is an institution organised and operated to provide goods and services wider the incentive of private gain" Discuss.

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An institution which accepts Deposits, markets Business Loans and offer related services is called:

The correct option is A Commercial Bank An Institution which accepts Deposits Market Business Loans and offer related services is called Commercial Bank.

The correct option is A
Commercial Bank

An Institution which accepts Deposits Market Business Loans and offer related services is called Commercial Bank.