App Logo

No.1 PSC Learning App

1M+ Downloads
--- is otherwise known as borrowing by the Commercial banks.

Aissuing loans

Bconducting foreign exchange transactions

Cperforming cash management services

Daccepting deposits

Answer:

D. accepting deposits

Read Explanation:

FUNCTIONS OF COMMERCIAL BANKS

Functions of Commercial Banks are broadly classified into two. 

  1. Primary Functions 

  2. Secondary Functions 

Primary Functions

  • Accepting Deposits 

  • Advancing Loans 

Secondary Functions

  • Agency Services 

  • General utility Services 

ACCEPTING DEPOSITS:

  • Otherwise known as borrowing by the Commercial banks.

  • They accept deposits in different forms such as Current Deposits and Savings Bank Deposits.


Related Questions:

The practice of conducting banking transactions from home rather than at branch locations is known as
Banking which refers to financial intermediations performed by banks, primarily for their non-resident customers (mainly depositors) and deals with foreign money is called
The First RRB in India
Merchant Banking originated in
Whose words are these : "No person or body corporate or otherwise can be banker, who does not take deposit accounts, takes current accounts, issue and pay cheques and collect cheques crossed and uncrossed for his customers".