Page 2 - H2

4. Which Banks are governed by the provisions of State Cooperative Societies

Act and meant essentially for providing cheap credit to their members.

(a) Commercial bank

(b) Specialized bank

(c) Central bank

(d) Cooperative bank

Fill in the blanks (1 mark each)

1. _________ Banks provides loans facilities and accepts the deposits to the

general public.

2. If goods are homogenous in nature, then services is ______ in nature.

True or false.(1 mark each)

1. Services are inseparable in nature.

2. The services can be stored for long period of time as goods.

3to 4 marks

1. What are services? Explain types of services.

2. Write the difference between Services and Goods.

5to 6 marks

1. What are services? Explain their distinct characteristics.

2. What is meant by Banking and explain various classifications of banks.