Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesBusiness, Trade and Commmerce1 Mark
Question
What is indigenous bank?
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Answer
An Indigenous bank or banker is defined as an individual or private firm which receive deposits, deal in hundies or engage itself in lending money. e.g., Gujarati Shroffs and Marwari Kayas of Assam.
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