The main aim of the commercial banks is: (2024)

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The main aim ...

Question

A

Social welfare

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C

To provide services to the people

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D

None of these

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Solution

The correct option is A. To provide services to the people

The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. In this respect, credit creation is the most significant function of commercial banks.


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