State whether each of the following statement is true or false :
(i) Deposits constitute the major source of bank funds.
(ii) Loans and advances are the liquid assets of a bank.
(iii) Only schedule banks have the responsibility to maintain cash reserve with the central bank.
(iv) Non-banking assets and non-performing assets are synonymous terms.
(v) The interest rate at which the commercial banks lend to its customers on their loans and advances is termed as Bank Rate.

Question

State whether each of the following statement is true or false :

(i) Deposits constitute the major source of bank funds.
(ii) Loans and advances are the liquid assets of a bank.
(iii) Only schedule banks have the responsibility to maintain cash reserve with the central bank.
(iv) Non-banking assets and non-performing assets are synonymous terms.
(v) The interest rate at which the commercial banks lend to its customers on their loans and advances is termed as Bank Rate.

Satt Academy · Accepted Answer

State whether each of the following statement is true or false :

(i) Deposits constitute the major source of bank funds.
(ii) Loans and advances are the liquid assets of a bank.
(iii) Only schedule banks have the responsibility to maintain cash reserve with the central bank.
(iv) Non-banking assets and non-performing assets are synonymous terms.
(v) The interest rate at which the commercial banks lend to its customers on their loans and advances is termed as Bank Rate.

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