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प्रश्न
Which of the following is not the function of commercial bank?
पर्याय
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
Which of the following does not belong to the group?
What are term/time deposits?
______ deposits earn very low rate of interest on it.
A depositor is allowed to withdraw more money than what is there in his account:
- What is the facility called?
- In which type of account is it permitted?
With reference to the secondary functions of a Commercial Bank, explain the general utility function.
Identify the agency functions of the commercial banks from the following:
Which account holder gets Overdraft facility?
Mention any two agency functions/services of a commercial bank.
The current account holders are not given interest on their deposits. The reason being:
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Commercial Banks keep only a fraction of deposits as Cash Reserves and use the remaining deposits for given loans, etc.
Reason (R): All the depositors of Commercial Banks do not approach the banks for withdrawal of money at the [iame time and also they do not withdraw the entire amount in one go.
