Secondary functions of commercial banks

Keeping locker facility is an agency service of commercial bank

• True

• Partially true

• False

• Can't answer

Which among the following are the general utility services of commercial banks

• providing locker facility

• collection of cheque

• ATM services

• accepting deposits

We get housing loans only from HDFC

• True

• False

What is the role of a commercial bank while keeping the wills of the customer

• Creditor

• Agent

• Trustee

• Beneficiary

Commercial banks collect dividend on shares, but it does not deal with interest on debentures

• False

• True

Income tax consultancy of commercial banks come under which heading

• Agency services

• General utility services

• ordinary services

• none of the above

ATM facilities provide customers to draw money for a maximum of 12 hours in a day

• True

• False

Letter of credit is primarily used in foreign trade

• True

• False

Publication of trade and finance by a commercial bank comes under which heading

• Agency functions

• General utility services

• None

• Primary services

Which among the following is not a function of commercial banks

• Provide locker facilities

• Issuing currency notes

• Acting as a referee

• Provide ATM facility