NCERT · Class 10 · Social Science · Economics: Money and CreditWhat is the main source of income for banks?
Step-by-Step Solution
The difference between what is charged from borrowers and what is paid to depositors is the main source of income for banks.
Detailed Options Breakdown
Option : Interest charged on loans (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Government grants
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 2: Locker rent only
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 3: Printing money
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
💡 Study Guide: This question tests core syllabus concepts from Economics: Money and Credit. For formulas, key summaries, and mock exam reference guides, read the full Economics: Money and Credit Revision Notes.