BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Enumerate the main functions of a banker as per banking regulations act. 1949?
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Accepting deposit of money
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Advancing of loans
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Issuance of letters of credits
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Above all
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Explanation:
Detailed explanation-1: -Transacts the business of banking in India. Undertakes lending of money. Accepts deposits from public and invests the same as trade and industry. Accepts deposits from the public.
Detailed explanation-2: -A Banker’s main job is to give financial advice to clients, especially on matters related to savings, investments, loans, and securities. Their knowledge and advice help customers solve their financial problems while also increasing the organization’s profit.
There is 1 question to complete.