9 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

Amity University-Noida B.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Amity University-Noida M.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Amity University-Noida BBA Ad...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
VIT Bhopal University | B.Arc...
Apply
Mark presence in the Modern Architectural field with Bachelor of Architecture | Highest CTC : 70 LPA | Accepts NATA Score
New Horizon College BBA Admis...
Apply
UG Admissions 2026 open| NAAC ‘A’ grade | Merit-based Scholarships available.
VIT Bhopal University | Integ...
Apply
Integrated M.Tech admissions open @ VIT Bhopal University | Highest CTC 70 LPA | Application Closing Soon | Apply now
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