Question:
What is Bank?
What is Bank?
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Banks are legal entities, not individuals or temporary groups.
Updated On: Nov 12, 2025
- An Individual
- An Institution
- A Committee
- All of these
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The Correct Option is B
Solution and Explanation
Step 1:
A bank is defined as a financial institution that accepts deposits, provides loans, and offers other financial services.
Step 2:
It is not an individual or a committee, but a structured organization.
Step 3:
Therefore, the correct option is (B) An Institution.
A bank is defined as a financial institution that accepts deposits, provides loans, and offers other financial services.
Step 2:
It is not an individual or a committee, but a structured organization.
Step 3:
Therefore, the correct option is (B) An Institution.
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