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Bank is a financial institution. It accepts deposits from the lenders and gives loans tot he borrowers. Banks help to improve the financial stability of an economy.
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Similar Questions
Q
1
Consider the following statements:
1. Whenever a bank grants a loan, it creates a deposit or a liability against itself.
2. Deposits of the bank circulate as money, the creation of such deposits lead to a net increase in the money stock.
3. Whenever a bank grants a loan, it creates a loan.
Which of the statement(s) given above is/ are correct?
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Q
2
The above figure shows a part of Amit's bank passbook.
What is the amount deposited on 6.04.2019?
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Q
3
A commercial bank is a bank that:
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Q
4
Consider the following statements :A foreign bank may operate in India
1.through its branches
2. as a wholly owned subsidiary
3.as a subsidiary with aggregate foreign investment up to maximum of 74% in a private bank.
4.as a subsidiary with aggregate foreign investment up to a maximum of 49% in a private bank.
Which of the statements given above are correct ?
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Q
5
The above figure shows a part of Amit's Bank Passbook.
If a sum of ₹ 300 is deposited on 9.04.2019, then find the balance at the end of the day on 9.04.2019.
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