Social Sciences, asked by Bhaveshdungri, 5 months ago

Q. 21. Explain the functioning of a bank.

Answers

Answered by cathrinenoronha436

Answer:

The function of a Bank is to collect deposits from the public and lend those deposits for the development of Agriculture, Industry, Trade and Commerce. Bank pays interest at lower rates to the depositors and receives interests on loans and advances from them at higher rates.

Previous Question

Next Question

Similar questions

English, 2 months ago

who is happy prince ...

English, 2 months ago

define circumstances sab mere se gussa kyu hai.. ╥﹏╥...

Science, 2 months ago

What should we do during lighting and what should be avoided? Write in your own word. NCERT Class 8th Science...

English, 5 months ago

) State whether the following statements are true or false : 02 1) The king got irritated with the hermit. 2) The hermit finally replied to the king’s questions. 3) It was evening when the king met the hermit. 4) The hermit was full of energy.

English, 5 months ago