Accepting deposits from the public is the ________ function of commercial bank.

secondary

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general

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primary

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incidental

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Solution

The correct option is D primary
A commercial is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. The primary function of commercial banks are to accept deposits without which it cannot initiate its other functions.

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Accepting deposits from the public is the ________ function of commercial bank.

The correct option is D primaryA commercial is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. The primary function of commercial banks are to accept deposits without which it cannot initiate its other functions.

The correct option is D primary
A commercial is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. The primary function of commercial banks are to accept deposits without which it cannot initiate its other functions.