Question

The bank was founded on the principle of:
1. Social Commitment to help the weaker section of the society to raise their standard of life.
2. Enhancement and Development of people of punjab only.
3. To collect deposits and use it against british management for patriotic activities
4. None of These

Answer 1

The bank was founded on the principle of: Social Commitment to help the weaker section of the society to raise their standard of life.

A bank is a financial institution licensed to receive deposits and make loans.

Banks may also provide financial services, such as wealth management, currency exchange and safe deposit boxes.

There are two types of banks: commercial/retail banks and investment banks.

Answer 2

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Option.A

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