alleryWhat is the main source of income for a bank?
AFees from printing currency
BGrants from the government
CGap between loan and deposit rates
DSale of unclaimed collateral
Answer & Solution
Correct answer: C. Gap between loan and deposit rates
Banks charge more interest on loans than they pay on deposits, and the difference is their main income.
Keep practising Economic Development & Banking
Browse all Economic Development & Banking questions for CBSE Class 10, or explore more Social Science topics.
Related questions
What must every e-commerce entity display under the 2019 Act?Which authority was set up under the Consumer Protection Act, 2019?What is a mediator in consumer disputes?Which is a weakness of the consumer redressal process in India?Why is evidence hard to gather in many small purchases?Roughly how many consumer groups exist in India, per NCERT?Which of these goods must be certified before sale in India?For which product is certification mandatory for producers?