Question

What is Bank?

• A. An Individual
• B. An Institution
• C. A Committee
• D. All of these

Hint:

Banks are legal entities, not individuals or temporary groups.

Answer 1

The Correct Option is B

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.