Commercial banks advance loans to business firms in the form of _______________. (2024)

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A

Cash Credit

B

Discounting of Bills

C

Overdraft

D

All of the above

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Solution

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Correct option is D. All of the above
Commercial banks provide short-term and medium-term loans in the form of cash credit, discounting of bills, overdraft facilities, etc. Firms of all sizes can approach commercial banks.

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Commercial banks advance loans to business firms in the form of _______________. (2024)
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