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प्रश्न
Which of the following is not the function of commercial bank?
विकल्प
Accepting deposits
Advancing of loans
Credit
Issue of currency
उत्तर
Issue of currency
Explanation:
Commercial banks do not issue currency. This function is reserved for central banks like the Reserve Bank of India (RBI). Commercial banks primary functions include receiving deposits, issuing loans, and supporting credit creation. A nation's central bank is only accountable for issuing currency.
संबंधित प्रश्न
How do commercial banks mobilise deposits from the public?
Briefly explain how Cash Reserve Ratio can be used to control credit.
Write about any three general utility functions of Commercial Bank.
Explain the features of savings bank account.
State the differences between a loan and an overdraft.
What is meant by Discounting of a Bill of Exchange?
Mention any two agency functions/services of a commercial bank.
Explain the term bank overdraft.
Write short notes on the primary functions of commercial banks.
Which is the primary function of Commercial Banks?
