📝 Multiple Choice Question
Economics
What distinguishes a bank from other financial institutions?
A
Lending
B
Accepting deposits
C
Providing long term loans
D
Accepting loans and borrowings
Explanation
While many non-banking financial companies (NBFCs) can lend money, only commercial banks possess the distinct legal authority to accept demand deposits (like savings and checking accounts) from the general public.
Report Issue
Discussion (0 Comments)
Leave a Comment
No comments yet. Be the first to comment!
📌 Related Questions
According to the data of 2011-12, which of the following is the povert...
Solve →For which of the following sources of financial resources may financia...
Solve →What is the literacy rate for Scheduled Tribe Population as per the 20...
Solve →Which of the following states have the lowest female literacy rates as...
Solve →In India, APEDA stands for:...
Solve →