In the context of the Commercial Banks, which of the following statements are correct? (Choose the correct option)
(I) Deposits received are liabilities for Commercial Banks.
(II) They are creator of credit in the economy.
(III) They accept deposits from general public.
(IV) They accept deposits on behalf of Reserve Bank of India.
(I) Deposits received are liabilities for Commercial Banks.
(II) They are creator of credit in the economy.
(III) They accept deposits from general public.
(IV) They accept deposits on behalf of Reserve Bank of India.
Show Hint
- (I), (II) and (III)
- (II) and (III)
- (I) and (II)
- (I) and (IV)
The Correct Option is A
Solution and Explanation
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