MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Banking Services

Identify the ...

Question

Identify the financial services provided by the post office savings banks in India?

A

Issue of national savings certificate

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Formulation of monetary policy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Issuing Kisan Vikaspatra

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Money transfer

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Money transfer
Post office savings banks offer a variety of services like the issuance of national savings certificates, Kisan Vikaspatra, monthly recurring deposits, postal life insurance, pension payments, and money transfers.

Suggest Corrections

thumbs-up

3

Similar questions

Q. In India saving deposit of post office saving banks are included in _______ money supply.

Q. Apart from offering post and telegraph services, a post office in India may also provide which of the following services?

Q. Explain the Post Box service provided by Post Office. State any two advantages to the organisation which uses this service.

Q. Union Cabinet approved setting up of India Post Payments Bank which will help is furthering the cause of financial inclusion:
Consider the following statements:Which of the above statement(s) is/are correct?

Only 2
None of the Above
Both 1 and 2
Only 1

Q. In India other deposits of post office savings are included in __________ money supply.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Cube Root of a Cube Number

ECONOMICS

Watch in App

explore_more_icon

Explore more

Banking Services

Standard X Economics

Join BYJU'S Learning Program

CrossIcon