GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The basic functions of the bank are?
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Lending or investing the funds so collected from the customers
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Acceptance of Deposits from the public
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Both (a) and (b)
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Lending to customers
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Explanation:
Detailed explanation-1: -Accepting of deposits. Granting of loans and advances.
Detailed explanation-2: -Explanation: Accepting deposits, providing loans, mortgages, cash, borrowing, overdraft, and bill discounting are all primary responsibilities.
Detailed explanation-3: -Accepting deposits. Granting loans and advances. Agency functions. Discounting bills of exchange. Credit creation. Other functions.
There is 1 question to complete.