What are the main functions of Industrial Banks?

They accept short-term deposits

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They grant short-term loans to the industrialists

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They provide locker facilities to the customers

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They help selling or even underwrite the debentures and shares of industrial firms

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Solution

The correct option is D They help selling or even underwrite the debentures and shares of industrial firms
Industrial banks sell investment certificates, debentures and shares for the purpose of investment. Because of its role as an investment bank, its main function is to provide facilities for people to invest in debentures and shares.

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