BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a function of a bank?
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Providing project finance
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Selling Mutual Funds
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Deciding policy rates like CRR, Repo Rate/SLR etc
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Settlement of payments of behalf of the customers
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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: -Issuing of coins is not a function of the Central Bank.
Detailed explanation-4: -Hence, Issuing of Notes is not the function of a Commercial Bank. NOTE-The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.
There is 1 question to complete.