Discussion :: IBPS BANK EXAM TEST 4
- Banks are considered as "financial intermediaries". Which of the following activity correctly and comprehensively explains this role of banks?
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A.
Accepting deposits of money for the purpose of lending and investment |
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B.
Granting loans to the weaker sections of the society |
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C.
Accepting money for remittance and issuing bank drafts |
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D.
Providing safe deposit services |
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E.
Opening accounts and accepting deposits therein |
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Answer : Option A
Explanation :
Accepting deposits of money for the purpose of lending and investment
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