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SSC GD 2019 PYQ — Question 46

SSC GD Constable (English) - 19th Feb 2019 Shift 1 • General Awareness • Q46

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What do banks utilize a major portion of the deposits for?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. Loans.

  • Banks utlize a major portion of the deposits for loans inorder to finance start-up capital and also for a larger and long term purchases.
  • Bank loans are usually provided at a cost, which is generally interest on the owed amount. Other fees and charges may be applicable, depending on the type of loan and on the lender and on the terms of agreement.