Which of the following is NOT a function of a bank? [Syndicate 2010]

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Providing project finance
B	Selling Mutual Funds
C	Deciding policy rates like CRR, Repo Rate/SLR etc
D	Settlement of payments of behalf of the customers

Explanation:

Detailed explanation-1: -Facilitating import of goods is not a primary function of a bank.

Detailed explanation-2: -Advancing loans to the public and accepting deposits from the public is not the function of the Reserve Bank of India.

Detailed explanation-3: -It does not allow to have window dressing. Its a technique which is used by the finance manager or the management to manipulate the financial statements to show more favorable results. Window dressing could be illegal in certain circumstances and is generally done to mislead the investors.

Detailed explanation-4: -Hence, Issuing of Notes is not the function of a Commercial Bank.

There is 1 question to complete.