Which one of the following is a primary function of commercial banks?
Accepting deposits and providing loans
The correct answer is option 4. The primary function of commercial banks is to accept deposits and provide loans. This facilitates the financial transactions of individuals and businesses in the economy.
Similar Questions
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 _______.
Which of the following is a secondary function of commercial banks?
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 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 _______.
- Which of the following are liabilities of commercial banks ?
I. Capital and reserves
II. Cash and balances with RBI
III. Investments
IV. Borrowings
Codes :
