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प्रश्न
Write Short Note on the following:
Agency functions of commercial banks
उत्तर
The agency functions of commercial banks can be defined as those functions performed by the banks in which bank act as an
agent to their customers. The following are some of the agency functions of commercial banks:
i. They collect cheques, dividends and interest on behalf of the customers and credit the amount in their accounts.
ii. They pay rent, insurance, premium, etc., on behalf of customers and deduct the amount from their accounts.
iii. They buy and sell foreign exchange.
iv. They buy and sell different securities like shares and debentures.
v. They receive travel tickets and letters and book vehicles on behalf of their customers.
APPEARS IN
संबंधित प्रश्न
Cash can be withdrawn from ATM at any time.
Function of Commercial Bank? Only Primary Function?
Distinguish between the following:
Savings account & Fixed account
Distinguish between the following:
Loan & Overdraft
Distinguish between the following:
Commercial bank & Central bank
Write Short Note on the following:
Primary functions of commercial banks
Write Short Note on the following:
Utility functions of commercial banks
Answer the following question in short:
State the primary functions of banks.
Answer the following question:
What is commercial bank? Explain its primary functions.
Answer the following question.
Explain discounting bills of exchange as one of the functions of the banks.
The secondary function of commercial banks?
Read the passage given below and answer the questions that follow.
|
The Monetary Policy Committee (MPC) increased the repo rate, at which the RBI lends short-term funds to commercial banks, from 6.25 percent to 6.50 percent. This increase in the repo rate is based on the increase in the key rate by 250 bps. The Committee also decided to continue the withdrawal of money supply in the economy. |
- Which function of the central bank is hinted at in the passage given above? (1)
- In which situation does central bank adopt the measure given in the above passage? (1)
- Explain any two monetary measures that can be used to accomplish a similar objective, other than the one given in the above passage. (4)
- Differentiate between Reserve Bank of India and Commercial banks by giving any two points. (2)
