Which of the following is a secondary function of commercial banks?
Issuing traveller’s checks
The correct answer is option 3. Issuing traveller's checks is considered a secondary function of commercial banks. While advancing loans and accepting deposits (both demand and time) are primary functions, issuing traveller's checks is an additional service provided by banks. This function is less central to the core operations of a commercial bank.
Similar Questions
Which one of the following is a primary function of commercial banks?
Which of the following is/are function(s) of a commercial bank?
- Accepting deposits
- Giving loans
- Payments and settlements
Imposition of price _______ below the equilibrium price leads to excess _______.
Important Questions from Commercial Banks
Which of the following banks is the largest commercial bank in India?
Which of the following statements is correct regarding the commercial paper?
I. It is unsecured money market instrument issued in the form of a promissory note.
II. It was introduced in India in 1990.
III. They are issued by the Reserve Bank of India.
Which one of the following is a primary function of commercial banks?
Which of the following is/are function(s) of a commercial bank?
- Accepting deposits
- Giving loans
- Payments and settlements
Imposition of price _______ below the equilibrium price leads to excess _______.
