JKSSB Mock Tests

What is the role of a commercial bank in the economy?

A. To print and issue currency
B. To regulate the money supply
C. To provide financial services, such as accepting deposits, lending money and facilitating payments
D. To set interest rates for the entire banking system
Answer: Option C
Solution (By JKSSB Mock Tests Team)
Commercial banks play a pivotal intermediary role by accepting deposits from savers and utilizing those funds to offer loans and credit to individuals and businesses.
This Question Belongs to: General knowledge mcqs Economics set 1

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