Home › CBSE Class 11 (Commerce) › Business Studies › Business, Trade and Commerce › Which facilities do commercial banks offer to tr…
Which facilities do commercial banks offer to traders for finance?
AOverdraft and cash credit
BStorage in warehouses
CFire insurance cover
DPress release writing
Answer & Solution
Correct answer: A. Overdraft and cash credit
Banks lend to traders by providing overdraft and cash credit facilities, loans and advances.
Related questions
Which factor is most considered when choosing a location for an enterprise?What is the person who sets up a business called?Changes in competition, prices and technology are which cause of risk?Dishonesty or negligence of employees is which cause of business risk?Flood, earthquake and famine are which cause of business risk?A business dealing in fashionable items generally faces what degree of risk?Which statement about business risk is correct?Fire, theft and strike are examples of which type of risk?