Economy, asked by reet72, 1 year ago

What are the methods adopted by commercial bank to mobilise the funds from the public?

Answers

Answered by guduuu

hi mate!!!!

the commercial banks mobilise funds by taking road taxes and interest from loans

reet72: So both loans and advances and deposits can be the answer to this question?

guduuu: haan hoo skta hai

reet72: Thanks again, really helped:))

guduuu: koi baat nahi❤

guduuu: wcm sis❤

reet72: You are absolutely sure lekin na because it was a 8 mark answer, ICSE 2019

guduuu: haan yaaar,,, answer toh same hi hoga na phir icse Ho ya cbse

guduuu: best of luck for ur other exams

reet72: Thank youu ❤️❤️

guduuu: wcm dear ❤

Answered by akshay6453

1- they take taxes from banks

2- by taking interest from banks

reet72: Like discounting bills of exchange, overdraft facilities, outright loans and cash credit?

akshay6453: ha

reet72: Okay thanksss

akshay6453: they actually take high interst from loans

akshay6453: that they give to people

reet72: So this will help in mobilising funds from the public?

akshay6453: yes

akshay6453: public money was taken by this method

akshay6453: interst of loan can be 10℅ or more

reet72: Okay thankss

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