Match the items of List - I with List - II in terms of functions of a bank : List-IList-II (a)…
Matching bank services with their functional classification: (a) Underwriting of shares and debentures is a (iii) General Utility Function; (b) Transfer of funds on behalf…
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Match the items of List - I with List - II in terms of functions of a bank :
| List-I | List-II |
|---|---|
| (a) Underwriting | (i) Primary Functions |
| (b) Transfer of funds | (ii) Granting Advances |
| (c) Overdraft | (iii) Utility Functions |
| (d) Recurring Deposits | (iv) Agency Functions |
Answer and explanation
Correct answer C
Matching bank services with their functional classification: (a) Underwriting of shares and debentures is a (iii) General Utility Function; (b) Transfer of funds on behalf of customers is an (iv) Agency Function; (c) Overdraft facility is a mode of (ii) Granting Advances; and (d) Recurring Deposits fall under the bank's (i) Primary Functions (accepting deposits).
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UGC NET Commerce