Bank Functions Quiz

What is one primary function of a commercial bank?

• Accept deposits from the public

• Provide free services

• Sell groceries

• Offer travel packages

Which of the following is a service provided by commercial banks?

• Running schools

• Conducting scientific research

• Manufacturing goods

• Providing loans and advances

What type of payments do commercial banks make on behalf of customers?

• Payments of rent and utilities

• Payments for groceries

• Payments for travel

• Payments for entertainment

What do commercial banks provide to account holders upon request?

• Clothing

• Transportation

• Cash

• Food

What can banks accept for safekeeping?

• Important documents and jewellery

• Food items

• Clothing

• Vehicles

What type of advice do commercial banks give to clients?

• Travel advice

• Fashion advice

• Health advice

• Financial advice

What do commercial banks buy and sell on behalf of their customers?

• Securities (stocks and shares)

• Real estate

• Insurance policies

• Vehicles

What do banks preserve for their customers?

• Toys

• Food

• Clothing

• Wills

Which of the following is NOT a function of commercial banks?

• Manufacturing products

• Accepting deposits

• Providing loans

• Making payments

Who primarily uses the services of commercial banks?

• Teachers

• Manufacturers

• Account holders

• Farmers