CBSE 2021 Class 12 Economics Term 1 Paper

Question : 3

Total: 60

In the context of commercial bank, which of the following alternatives is correct?
(Choose the correct alternative)
(i) Deposits are liabilities of banks.
(ii) Commercial banks are creator of money.
(iii) Commercial banks accept deposits of the general public.
(iv) Accept deposits of World Bank for Agriculture and Rural developments.
Identify the correct alternative from the following:

(i) and (ii)
(i), (ii) and (iii)
(ii) and (iii)
(i) and (iv)

Solution:

(b) (i), (ii) and (iii)
Explanation: As (i, ii and iii) points are the function of commercial bank where (iv) is related to agricultural sectors (NABARD).

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