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Question

What is the main source of income of a bank?

A Bank charges that the depositors pay for keeping their money safe is the main source of the bank’s income. Correct Answer Incorrect Answer
B The difference between what is charged from the borrowers and paid to the depositors is the main source of bank’s income. Correct Answer Incorrect Answer
C Banks earn huge amounts of money by investing the money of the depositors in various company shares. Correct Answer Incorrect Answer
D The Government of India gives huge amounts of money to the banks to help their smooth functioning. Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The correct answer is B

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