Statement 1: Sum total of primary and secondary deposits is equal to total demand deposits of the commercial banks
Statement 1: Sum total of primary and secondary deposits is equal to total demand deposits of the commercial banks.
Statement 2: Primary Deposits are always more than secondary deposits.
Alternatives:
(a) Both the Statements are true
(b) Both the Statements are false
(c) Statement 1 is true and Statement 2 is false
(d) Statement 2 is true and Statement 1 is false
Anurag Pathak Changed status to publish January 6, 2024
Ans – (c)
Explanation:-
Statement 1 is true as the sum total of primary and secondary deposits is equal to the total demand deposits of the commercial banks.
Statement 2 is false as secondary deposits are more as compared to the primary deposits.
as secondary deposits are created through providing loans, that are out of the primary deposits. that is much higher than the primary deposits.
Anurag Pathak Changed status to publish January 5, 2024
