Which of the following are primary functions of Commercial Banks? A. Accepting Deposits B. Agency…
The primary (core banking and credit) functions of commercial banks are accepting deposits and advancing loans/credit—which in the given options include (A) Accepting…
Choose your answer
Which of the following are primary functions of Commercial Banks?
A. Accepting Deposits
B. Agency Service
C. Discounting Trade Bills
D. Financing Foreign Trade
E. General Utility Service
Answer and explanation
Correct answer D
The primary (core banking and credit) functions of commercial banks are accepting deposits and advancing loans/credit—which in the given options include (A) Accepting Deposits, (C) Discounting Trade Bills, and (D) Financing Foreign Trade (A, C & D only). Agency Services (B) and General Utility Services (E) are classified as secondary functions of commercial banks.
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UGC NET Commerce