We open account (s) with a commercial bank for purpose of -----

A Earning interest
B Safe custody of funds
C Getting loan
D All of these

Correct Answer: All of these

A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit It can also refer to a bank, or a division of a large bank, which deals with corporations or large/middle - sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks.
Bissoy MCQ

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We open current account(s) with a commercial bank for a purpose of ---

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