GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Deposits mobilised by the banks are utilised for -
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loans and advances
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investment in commercial paper, shares, debentures up to stipulated ceilings
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investment in government and other approved securities in fulfilment of liquidity stipulation
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all of the above
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Explanation:
Detailed explanation-1: -Deposits mobilised by the banks are utilised for loans and advances, investment in government and other approved securities in fulfilment of liquidity stipulation, and investment in commercial papers, shares, debentures up to stipulated ceilings.
Detailed explanation-2: -Traditionally, there are four types of bank deposits in India, which are-Current Account, Recurring Deposits, Savings Accounts, and Fixed Deposit Accounts.
Detailed explanation-3: -In banking, sector deposit mobilization is a scheme intended to encourage customers to deposit more cash with the bank and this money in turn will be used by the bank to disburse more loans and generate additional revenue for them.
There is 1 question to complete.