in Economics Edited by
21 views
2 Votes
2 Votes
Define Commercial Bank and Explain the  Primary Functions of a Commercial Bank?
in Economics Edited by
by
3.7k Points

1 Answer

2 Votes
2 Votes
 
Best Answer

A commercial Bank is that financial Institutions which accept deposit form the people and offers loans for the purpose of Consumption or Investment.

Function of a Commercial Bank :

Two important functions of a Commercial Bank are:-

(i) Accepting Deposits: A Commercial Bank accepts deposits from the public. People can deposit their cash balances as cheque able deposits or non-chequeable deposits.

(ii) Advancing Loans:- A bank advances loans both for productive purposes as well as Consumption purpose. By advancing loans through demand deposits, commercial banks contribute to the supply for money in the economy

Selected by
by
3.7k Points

Related Questions

2 Votes
2 Votes
1 Answer 18 Views
Vikas Asked in Economics Aug 2, 2021
18 views
Vikas Asked in Economics Aug 2, 2021
by Vikas
3.7k Points
2 Votes
2 Votes
1 Answer 13 Views
Vikas Asked in Economics Aug 2, 2021
13 views
Vikas Asked in Economics Aug 2, 2021
by Vikas
3.7k Points
2 Votes
2 Votes
1 Answer 14 Views
3 Votes
3 Votes
1 Answer 20 Views
2 Votes
2 Votes
1 Answer 13 Views
1 Vote
1 Vote
1 Answer 24 Views
2 Votes
2 Votes
0 Answers 24 Views
Vikas Asked in Economics Nov 19, 2021
24 views
Vikas Asked in Economics Nov 19, 2021
by Vikas
3.7k Points
3 Votes
3 Votes
2 Answers 27 Views
Vikas Asked in Economics Nov 16, 2021
27 views
Vikas Asked in Economics Nov 16, 2021
by Vikas
3.7k Points
3 Votes
3 Votes
1 Answer 22 Views
Vikas Asked in Economics Nov 7, 2021
22 views
Vikas Asked in Economics Nov 7, 2021
by Vikas
3.7k Points
2 Votes
2 Votes
1 Answer 9 Views
Vikas Asked in Economics Nov 7, 2021
9 views
Vikas Asked in Economics Nov 7, 2021
by Vikas
3.7k Points

Welcome To Informesia

Informesia Helps You To Prepare India's All States Board Exams (CBSE, ICSE, UP Board, BSEB, HPBOSE, RBSE, MSBSHSE) and Competitive Exam Like JEE (Main + Advanced), AIIMS, NEET, KVPY, NTSE, BITSAT, Olympiad, CLAT...etc.
For Any Query or Suggestion, Please Contact us on :
[email protected]

Connect us on Social Media