BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is not the fund based business of commercial banks?
|
|
D.P. Operation
|
|
|
Loans
|
|
|
Deposits
|
|
|
Depositing Bills
|
Explanation:
Detailed explanation-1: -Therefore, Issuance of Letters of Credit is not the fund based business of commercial banks.
Detailed explanation-2: -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.
Detailed explanation-3: -Fund based services are those where banks provide short and long term funds to individuals and businesses. The financing is provided based on the repayment power of an individual or a business. These are basically different types of loans offered by banks.
There is 1 question to complete.