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Introduction to Banking

The bank prov...

Question

The bank provides a ______ for the safe custody of valuable documents, gold ornaments and other valuables.

A

security

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B

protection

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C

locker facility

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D

alert

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Solution

The correct option is C locker facility
The bank provides a locker facility for the safe custody of valuable documents, gold ornaments and other valuable
As it is the general utility function of banks.

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Similar questions

A bank’s function of providing locker facility to its customers for the safe custody of their valuables is a/an

Q. LEGAL PRINCIPLE: Master/ Principal is vicariously liable for the tort committed by a servant/agent, in the performance of his duties as a servant/agent.
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In this case, compensation is _________________.

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