Question

Which of the following is not a function of a bank?

• A. Providing project finance
• B. Selling Mutual Funds
• C. Deciding policy rates like CRR, Repo Rate, SLR etc
• D. All of these are functions of a bank

Answer 1

Answer: (D)

All of these are functions of a bank

Functions of a bank includes- providing project finance, selling mutual funds and deciding policy rates like Cash reserve ratio, repo rate, statutory rate, etc. A bank mainly functions two things- receive deposits and give loans. It also provide financial services such as wealth management.