Asked By: Ashton Green Date: created: Jul 27 2022

What are the two main functions of commercial bank

Answered By: Louis Lopez Date: created: Jul 30 2022
  • Deposit Acceptance: Taking public deposits is the most crucial duty of commercial banks.
  • Giving Loans: A commercial banks ability to advance loans to its clients is its second crucial duty.
  • Over-Draft:
  • Discounting of Exchange Bills:
  • Spending of Money:
  • Agency Purposes:
  • Unspecified Purposes:
Asked By: Benjamin Coleman Date: created: Feb 17 2022

What is the main function of commercial bank Mcq

Answered By: Joshua Ward Date: created: Feb 19 2022

Explanation: Savings, current, and time deposits are all types of deposits. A commercial bank also provides money to its clients in the form of borrowings, cash credit, borrowings, and bill discounting, among other things. The primary functions of a commercial bank are to receive deposits and to lend money.

Asked By: Geoffrey Jackson Date: created: Sep 17 2021

What are 5 functions of a commercial bank

Answered By: Herbert Rivera Date: created: Sep 20 2021

Top 5 Functions Performed by Commercial Banks– Discussed!

  • Receiving Deposits (a)
  • (b) Loans for advancing:
  • (c) Discounting Exchange Bills or Hundies
  • (d) Money Transfer:
  • (e) Additional Purposes:
Asked By: Dominic Perry Date: created: Oct 30 2021

What are the functions of commercial banks Class 10

Answered By: Carlos Lewis Date: created: Oct 31 2021

Commercial banks primary duties include accepting deposits, disbursing loans, granting advances, and crediting cash. Their secondary duties include discounting bills of exchange, providing overdraft services, buying and selling securities, providing locker facilities, and collecting and paying credit.

Asked By: Isaiah Cooper Date: created: Dec 30 2021

What are the functions of commercial banks in India

Answered By: Adrian Baker Date: created: Jan 01 2022

Functions of Commercial Banks in India

  • Accepting customer deposits.
  • promoting and extending loans.
  • Overdraft resources.
  • Money collection.
  • Securities purchases and sales.
  • a safe deposit box.
  • trading in foreign currency.
  • Discounting of an exchange bill.
Asked By: Malcolm Long Date: created: May 27 2022

What are the three main objectives of a commercial bank

Answered By: Zachary Reed Date: created: May 29 2022

The creation of loans, access to money on deposit, and the availability of revolving debt using credit cards are all ways that commercial banks contribute liquidity to the nations financial system. Jan. 26, 2019

Asked By: Raymond Harris Date: created: Apr 11 2022

What are the functions of commercial bank Class 11

Answered By: Raymond Bennett Date: created: Apr 11 2022

Primary Functions of Commercial Bank

  • Taking the deposits in.
  • The loans are advanced.
  • Creating credit.
  • a check to pay the money.
  • paying for and obtaining credit.
  • Acquisition and Sale of Securities.
  • Silver Trading.
  • Money transfer.

Asked By: Carl Hughes Date: created: Aug 19 2022

Which of the following is the main function of the commercial bank

Answered By: Edward Robinson Date: created: Aug 22 2022

The main function of commercial banks is to offer financial services to the general public and to offer loan facilities to businesses, which contributes to the maintenance of economic stability and the expansion of the economy.

Asked By: Louis Robinson Date: created: Jul 04 2021

What are the 4 functions of commercial bank

Answered By: Alexander Roberts Date: created: Jul 05 2021

What are the Functions of Commercial Banks?

  • Deposit-taking: The most important and traditional duty of a commercial bank is to take public deposits.
  • Loaning money:
  • Credit Production
  • Money exchange:
  • Agency activities:
  • Other features:
Asked By: Hunter Nelson Date: created: May 30 2022

What are the two primary or basic function of money

Answered By: Brandon Wright Date: created: Jun 02 2022

The two main purposes of money are as a medium of exchange and a measure of value. April 24, 2015

Asked By: George Williams Date: created: Feb 24 2022

What are the types of commercial bank

Answered By: Bernard Walker Date: created: Feb 26 2022

Cooperative banks are divided into urban and rural branches, whereas commercial banks can be further divided into public sector banks, private sector banks, foreign banks, and Regional Rural Banks (RRB).

Asked By: Carl Sanders Date: created: Aug 11 2022

What is the main function of a commercial bank

Answered By: Rodrigo Perez Date: created: Aug 13 2022

The primary function of commercial banks is to offer financial services to the general public and to offer loan facilities to businesses, both of which contribute to the maintenance of economic stability and economic growth.

Asked By: Chase Murphy Date: created: Aug 12 2022

Which of the following is the function of commercial bank

Answered By: Justin Cooper Date: created: Aug 13 2022

A commercial banks main duties are to accept deposits, which can be in the form of savings, current, or time deposits, and to lend money to its clients in the form of loans and advances, cash credit, overdrafts, and bill discounting, among other things.

Asked By: Walter Hayes Date: created: Sep 16 2022

Which is not the function of commercial bank Mcq

Answered By: Abraham Bryant Date: created: Sep 19 2022

Because of this, a commercial bank cannot issue notes.

Asked By: Ryan Bailey Date: created: Sep 18 2021

Which of the following is not a function of a bank Mcq

Answered By: Gilbert Henderson Date: created: Sep 21 2021

Which of the following is not a function of a bank ?

1) Providing project finance
2) Selling Mutual Funds
3) Deciding policy rates like CRR, Repo Rates/SLR etc.
4) Settlement of payments on behalf of the customers
5) All of these are functions of a bank
Asked By: Horace Bryant Date: created: Sep 22 2021

Which is the commercial bank Mcq

Answered By: Logan Reed Date: created: Sep 23 2021

The State Bank of India is the right response.

Asked By: Carl Foster Date: created: Feb 04 2022

Which are the secondary function of commercial banks Mcq

Answered By: Luke Gonzalez Date: created: Feb 04 2022

1 Response: The agency functions and general utility functions are categorized as the secondary functions of commercial banks, which carry out a range of agency functions with the primary goals of accepting deposits and granting loans.Mar 18, 2021

Asked By: Juan Richardson Date: created: Jan 07 2022

What is the bank rate Mcq

Answered By: Patrick Mitchell Date: created: Jan 07 2022

The bank rate is the cost for commercial banks to borrow money from the RBI. If the rate is higher, it will be more challenging for banks to obtain funding from the RBI, which will result in fewer loans to the general public.

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