New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which of the following is the secondary function of Banks?

    I. Collecting and supplying business information.

    II. Issuing letters of credit, traveller’s cheque, etc.

    III. Providing customers with facilities of foreign exchange dealings

    A Only I is true. Correct Answer Incorrect Answer
    B Only II is true Correct Answer Incorrect Answer
    C only III is true Correct Answer Incorrect Answer
    D All I, II and III true Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next