Business Studies

Commercial banks _________.


ANSWER

All the above


SOLUTION
D
The commercial banks are governed by the Indian Banking Regulation Act, 1949. 
They accept deposits from the public and lend money for the purpose of investment. 
Before lending the money the commercial banks check the credit score of the borrower in order to ensure whether he will be able to repay the loan or not. 
It is also their duty to decide the quantum of credit on the basis of repayment capacity of the borrower.
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Single Correct Medium Published on 18th 08, 2020
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