Question

Providing safe locker facility is a function of commercial banks

• A. Accepting
• B. Lending
• C. General utility
• D. Agency

Answer 1

Answer:

C. General utility

Providing safe locker facilities is considered a general utility service offered by commercial banks. General utility functions include services that assist customers, such as locker facilities, remittance services, and issuing letters of credit, which are not directly related to accepting deposits or lending.