Challenger App

No.1 PSC Learning App

1M+ Downloads
Which among the following is considered as a primary function of Commercial Banks ?

AProviding Investment Advice

BAdvancing Loans

CIssuing Credit Ratings

DOffering Insurance Services

Answer:

B. Advancing Loans

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 


Related Questions:

When the borrower is in a position to repay the loan with interest as per the terms of the loan agreement, it is called
Which of the following is not a categorisation of banks according to ownership ?
The banking system oriented towards mass welfare and financial inclusion of the poor is known as ?
The first bank in India
No Loan Facility is provided against --- Account.