Question : Which of the following is not a function of commercial banks?
Option 1: Accepting deposits
Option 2: Granting loans
Option 3: Issuing currency notes
Option 4: Providing remittance services
Correct Answer: Issuing currency notes
Solution : The correct answer is (c) Issuing currency notes
Commercial banks perform several important functions in the financial system and provide various services to their customers.
The issuance of currency notes is the function of the central bank, such as the Reserve Bank of India (RBI) in India. Central banks have the authority to issue and regulate the supply of currency in an economy. Commercial banks handle currency in the form of deposits and withdrawals but do not have the power to issue currency notes.
Question : Which of the following is not a function of the commercial banks?
Option 1: Issuing currency notes
Option 2: Accepting deposits
Option 3: Lending money
Option 4: Providing financial advice
Question : The primary function of commercial banks is ___________.
Option 2: Granting loans and advances
Option 3: Controlling monetary policy
Option 4: Managing government finances
Question : Which of the following is a function of a commercial bank?
Option 2: Providing credit facilities
Option 3: Managing the foreign exchange reserves of India
Option 4: None of the above
Question : It is a bank which performs the function of accepting deposits and granting loans from the public.
Option 1: Commercial bank
Option 2: Central Bank
Option 3: Reserve bank of India
Option 4: None of the above.
Question : Which of the following is a function of the Reserve Bank of India (RBI)?
Option 1: Formulating monetary policy
Option 2: Issuing currency notes
Option 3: Regulating and supervising the functioning of banks
Option 4: All of the above
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