Question : Which of the following is not the function of a commercial bank?
Option 1: Accepting deposits
Option 2: Money supply
Option 3: Agency function
Option 4: Credit creation
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Correct Answer: Money supply
Solution : The correct option is Money Supply.
A commercial bank's duty is not to directly manage or set the amount of money in an economy. Rather, the central bank of a nation affects the money supply through its operations. As part of its monetary policy, the central bank, such as the Reserve Bank of India in India, can regulate and control the money supply.
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Question : On which of the following banks did the Reserve Bank of India impose a moratorium in March 2020?
Option 1: IDFC First Bank
Option 2: Dhanlakshmi Bank
Option 3: Bandhan Bank
Option 4: Yes Bank
Question : Which of the following is not a feature of money?
Option 1: Convenient unit of account
Option 2: Perishable
Option 3: General acceptability
Option 4: Liquid asset
Question : With effect from 1 April 2019, which of the following banks stands merged with the Bank of Baroda?
Option 1: Oriental Bank of Commerce
Option 2: United Bank of India
Option 3: Bank of Maharashtra
Option 4: Dena Bank
Question : Which of the following banks was established as the Bank of Calcutta in the year 1806?
Option 1: Axis Bank
Option 2: Union Bank of India
Option 3: State Bank of India
Option 4: Industrial Development Bank of India
Question : As per the merger of public sector banks, effective from 1 April 2020, which of the following banks was merged with the Union Bank of India?
Option 1: Syndicate Bank
Option 2: Allahabad Bank
Option 3: Corporation Bank
Option 4: United Bank of India
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