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Whenever some people wish to enter into the business world, it is a must for them to approach a bank. What services do banks provide them in this regard?                      [Syndicate 2010]

(1) Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them.

(2) Maintaining account books for them for their day-to-day activities so that they are not required to appoint account/finance personnel on a regular basis.

(3) Lending money by way of overdraft, instalment loan, credit or advance for business activities

A)  Only (1)                       

B)  Only (2)

C)  Only (3)                       

D)  Only (1) & (3)

E)  All of these