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प्रश्न
Write Short Note on the following:
Utility functions of commercial banks
उत्तर
The following are some of the utility functions of commercial banks:
i. These banks provide locker facility to their customers. In this facility, customers can keep their valuable things like jewellery and important documents in bank lockers.
ii. These banks issue travellers’ cheques to their customers, because of which customers need not carry money with them while travelling (domestically or internationally). They can encash the travellers’ cheques at any branch worldwide.
iii. These banks provide information to their customers regarding business conditions, payment rules, etc., of businesses in other countries.
iv. These banks also provide the facility of gift cheque to the general public.
संबंधित प्रश्न
Cash can be withdrawn from ATM at any time.
Current Account Saving Account
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:
Agency functions of commercial banks
Answer the following question in short:
State the primary functions of banks.
Answer the following question.
Explain discounting bills of exchange as one of the functions of the banks.
The secondary function of commercial banks?
