Commercial Bank Functions Quiz

What is one of the primary functions of a commercial bank?

• Building houses

• Accepting deposits

• Providing healthcare services

• Selling goods

Which type of deposits can a commercial bank accept?

• Food deposits

• Electronics deposits

• Clothing deposits

• Saving deposits

What is a critical function of a commercial bank related to entrepreneurs and business people?

• Selling products

• Offering loans and advances

• Providing entertainment

• Providing free services

When a customer is provided with credit or loan, what does the bank do first?

• Provide a credit card

• Ask for a gift

• Open a bank account for the customer

• Give cash directly

What are some agency services provided by commercial banks?

• Transportation services

• Cleaning services

• Collection of dividends

• Selling groceries

What are general utility services provided by commercial banks?

• Offering free vacations

• Providing free meals

• Safe-keeping of valuables

• Selling cars

What service allows a bank to create money?

• Offering free gifts

• Providing free education

• Credit cash

• Selling clothes

What does a bank do when acting as a trustee or executor?

• Offering free consultations

• Acting on behalf of customers

• Providing legal services

• Selling electronics

What is an example of a general utility service provided by commercial banks?

• Selling furniture

• ATM card facility

• Offering free books

• Providing free internet

What does a bank do when underwriting loans floated by government and public bodies?

• Selling jewelry

• Providing free loans

• Acting as a referee

• Offering free vacations