Question

______________________ are run to make a profit. They cater to the financial requirements of industries and various sectors like agriculture, rural development. They are profit making institutions owned by the government or private or both.

• A. Central Bank
• B. Commercial Banks
• C. Specialised Banks
• D. Cooperative Banks

Answer 1

The correct option is B

Commercial Banks

Commercial banks run to make a profit. They cater to the financial requirements of industries and various sectors like agriculture, rural development. They are profit making institutions owned by the government or private or both.