3 Views

Question : Which of the following is not a function of commercial banks?

Option 1: Accepting deposits

 

Option 2: Granting loans
 

Option 3: Issuing currency notes

 

Option 4: Providing remittance services


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Issuing currency notes


Solution : The correct answer is (c) Issuing currency notes

Commercial banks perform several important functions in the financial system and provide various services to their customers.

The issuance of currency notes is the function of the central bank, such as the Reserve Bank of India (RBI) in India. Central banks have the authority to issue and regulate the supply of currency in an economy. Commercial banks handle currency in the form of deposits and withdrawals but do not have the power to issue currency notes.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
SLAT 2025 - The Symbiosis Law...
Apply
Conducted by Symbiosis International (Deemed University) | Ranked #5 in Law by NIRF | Ranked #2 among best Pvt Universities by QS World Rankings
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
ISBR Business School PGDM Adm...
Apply
180+ Companies | Highest CTC 15 LPA | Average CTC 7.5 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business Scho...
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books