Question

What is the main source of income of a bank?

1 point

a) Bank charges that the depositors pay for keeping their money safe is the main source of the bank’s income

b) The difference between what is charged from the borrowers and paid to the depositors is the main source of bank’s income

c) Banks earn huge amounts of money by investing the money of the depositors in various company shares

d) The Government of India gives huge amounts of money to the banks to help their smooth functioning

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Answer 1

Answer:

Interest

Explanation:

Interest received on various loans and advances to industries corporates and individuals is bank main source of income

Answer 2

Answer:

Banks earn huge amounts of money by invest in the money of the depositors in various company shares