Chapter-11 , Macro Economic ,T.R.Jain-12
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Chapter-6 ,Macro Economics , Banking
Q. no. -1 What are commercial banks? Discuss the various functions performed by commercial banks in a country? Ans.-1 The Commercial banks are those institutions, which accept deposits from the public & give loans and advance loans. These banks are commercial in nature because their main motive is to earn profit. They accept deposits from the public and hence in the process they create money and credit. Que:-2 Define commercial bank ? Ans:-2 According to Culbertson, “ Commercial banks are the institutions that make short term loans to the business and in this process create money”. The Indian banking companies act 1849 lay down that the commercial banking consists in “The accepting for the purpose of l...
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