Commercial Applications
What is the nature of activity of banking and finance companies?
- These organisations are engaged in designing and preparing advertisements.
- These organisations are engaged in accepting deposits and lending money.
- These organisations are engaged in storing and preserving goods on hire.
- These organisations are engaged in buying and selling of goods.
Answer
These organisations are engaged in accepting deposits and lending money.
Reason — Banking and finance companies (like SBI, ICICI Bank, HDFC Bank, Citibank, Paytm Payments Bank) are engaged in accepting deposits from the public and lending money to borrowers. They remove the hindrance of finance in commerce. Option 1 refers to advertising agencies, option 3 to warehousing organisations, and option 4 to trading organisations.
Related Questions
Entrepot Trade means
- Importing goods from one or more countries with the purpose of exporting them to some other country or countries.
- Purchasing goods and services from other countries.
- Selling goods and services to other countries.
- None of these
What is the meaning of 'Organisation'?
- An institutional arrangement to carry on some business activity.
- It is an incorporated association of persons created by law.
- A group of persons who join together to achieve some common objectives.
- None of these
These organisations are engaged in buying and selling of goods.
- Banking and Finance Companies
- Trading Organisations
- Transport Organisations
- Manufacturing Organisations
Firms producing biscuits, breads, noodles, jam, soup powder, spices etc.
- Food Industry
- Beverages Industry
- Personal care products Industry
- Home care products Industry