Accepting deposits and granting of loans are an example of

primary functions of a bank

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secondary functions of a bank

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necessary functions of a bank

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mandatory functions of a bank

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Solution

The correct option is A primary functions of a bank
Examples of primary functions of a bank is accepting deposits and granting of loans.

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Similar questions

Q. Name the institution which performs the functions of accepting deposits, granting loans and making investments, with the aim of earning profits.

Q. Accepting deposits is the only primary function of commercial banks.

A commercial bank is a financial institution which performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profits.

Q.  Primary function of banks is to accept deposits and grant advances

Q. What are the primary functions of a bank?

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Accepting deposits and granting of loans are an example of

The correct option is A primary functions of a bankExamples of primary functions of a bank is accepting deposits and granting of loans.

The correct option is A primary functions of a bank
Examples of primary functions of a bank is accepting deposits and granting of loans.