Question

Which of the following statements are incorrect?

1. Bill of exchange is the primary function of Commercial bank.
2. A bank provides locker facilities to the customers to keep their valuables or documents safely is the secondary function.
3. It is an advance given to a customer by keeping the current account to overdraw up to the given limit, is the general utility function of Commercial bank

• A. 1, 3 wrong
• B. All are wrong
• C. 3 only wrong
• D. 2, 3 wrong

Answer 1

Answer:

C. 3 only wrong

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