SSC MCQ Question Ans. An Introduction to Commercial Banks
SSC MCQ Question Ans. An Introduction to Commercial Banks. Students, by studying this chapter, will be familiar with various commercial banks which play vital roles in the current world economy. They will know about major and distinct aims and functions of commercial banks, their role in building the society, support in import and export, transfer of funds and development of agriculture and industry.
SSC MCQ Question Ans. An Introduction to Commercial Banks
We generally mean commercial banks by the word ‘bank’. The commercial banking system has come through a lot of modernization and specialization through ages. Usually, commercial banks collect money from people that are surplus after meeting their essential requirements and lend it to the borrowers. A commercial bank is a profit-oriented organization that makes the profit by making the deposit, transaction, and lending of money.
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