Civil Services TNPSC Group 1 (New Syllabus) Mock Test 2025 General Knowledge Economy Money and Banking
Read the following about Liabilities.
A. Liabilities for any firm are its debts or what it owes to others.
B. For a bank, the main liability is the deposits which people keep with it.
Identify the CORRECT statement/statements.
1
Both A and B
2
Neither A nor B
3
Only B
4
Only A