ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Issue of paper notes
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Acceptance of deposits
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Advancing loans
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Credit creation
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Detailed explanation-1: -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. AWES Army Public School Results have been released on 22nd November 2022.
Detailed explanation-2: -Answer: The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.
Detailed explanation-3: -Explanation: A commercial bank’s main functions are to receive deposits and to lend money.
Detailed explanation-4: -Facilitating import of goods is not a primary function of a bank.
Detailed explanation-5: -Mobilisation of Savings 2. Supply of Finance 3. Creation of ‘Money’ 4. Development and Growth of the Economy 5. Subsidiary Functions.