NextQ44

In the context of the Commercial Banks, which of the following statements are correct ? (Choose the correct option) (I) Deposits received are liabilities for Commercial Banks. (II) They are creator of credit in the economy. (III) They accept deposits from general public. (IV) They accept deposits on behalf of Reserve Bank of India.

Commercial BanksStudy Simplify SpecialPYQ1MCQ
Question 43

"Irfaan (a student) borrows Rs. 80,000 to finance his college fee. He plans to begin repaying the loan six months after his graduation, making payments over a span of ten years." Based on above text, identify the indicated function of money. (Choose the correct option)

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