Here is Question No. 64 a part of our series on UPSC Prelims 2019
Q64. Which of the following is not included in the assets of a commercial bank in India?
(a) Advances
(b) Deposits
(c) Investments
(d) Money at call and short notice
Answer: B
- Liabilities are the obligations that are rising out of previous transactions, which is payable by the enterprise or the government through the assets possessed by the enterprise.
- The deposit itself is a liability owed by the bank to the depositor. Bank deposits refer to this liability rather than to the actual funds that have been deposited. While assets are things that a firm owns or what a firm can claim from others. For banks, Advances, Investments and Money at call and short notice serve as its Assets.
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