Q.1 Define
commercial Bank and explain its functions also differentiate between schedule
and non-schedule bank?
Ans.
Commercial Banks
Commercial Banks
are one that receive deposits and
advance loans and
play an important
role in credit
creation. They help traders
businessmen and offer various services in the growth of economy.
Functions
Functions of commercial banks are as under:
i.
Primary
function
ii.
Secondary
function
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