Question : The deposits which arise on account of loans by the banks to the people are called:
Option 1: Primary deposits
Option 2: Secondary deposits
Option 3: Cash deposits
Option 4: Term deposits
Correct Answer: Secondary deposits
Solution : The correct answer is (b). Secondary deposits
Secondary deposits refer to the deposits that arise on account of loans by banks to individuals or businesses. When a bank extends a loan to a borrower, the funds provided by the bank are deposited into the borrower's account. These deposits are known as secondary deposits because they are created as a result of the loan transaction.
Question : Which of the following is a not part of advancing of loans?
Question : Demand deposits include______
Question : High-powered money includes:
Question : The reserve held by Commercial Banks over and above the statutory minimum with the RBI are called:
Question : The interest rate charged by commercial banks on loans is called:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile