Banking General Awareness Banking in India Question Bank Practice Questions - Banking in India

  • question_answer
    Which of the following is a primary function of banks?

    A)  Collection and payment of cheques, rent, interest etc on behalf of their customers

    B)  Buying, selling and keeping in safe custody, the securities on behalf of their customers

    C)  Acting as trustee and executors of the property of their customers on their advice

    D)  Remitting money from one place to the other through bank drafts or mailor telegraphic transfers

    E)  Accepting deposits

    Correct Answer: E


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