Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Which one of the following functions of commercial banks include collection of cheques,drafts, bill of exchange etc. of their customers from other banks?

/ » Fundamentals of Economics solved MCQs / By
Question:

Which one of the following functions of commercial banks include collection of cheques,drafts, bill of exchange etc. of their customers from other banks?

A.

Agency Function

B.

Creation of Credit

C.

Payment of Loans and Advances

D.

General Utility Function

Answer» a. Agency Function

Note: The above multiple-choice question is for all general and Competitive Exams in India.