Quiz for:
Functions and Roles of Commercial Banks

Question 1

How do commercial banks contribute to rural development?

Question 2

What function is related to providing loans by discounting bills?

Question 3

What service do commercial banks provide related to buying and selling shares and stocks for customers?

Question 4

What is one of the primary functions of commercial banks related to customer deposits?

Question 5

Which type of loan allows borrowing up to a certain limit based on security offered by the borrower?

Question 6

Which service involves securing customers' valuable items?

Question 7

How do commercial banks promote self-employment?

Question 8

How do commercial banks help in capital formation?

Question 9

Which primary function involves the purchase of government securities?

Question 10

In what way do commercial banks assist in monetary policy?

Question 11

Which type of account offers the highest interest rate in a commercial bank?

Question 12

What type of loans does the 'Overdraft' category represent?

Question 13

Which type of account is primarily used by merchants and allows unlimited deposits and withdrawals?

Question 14

Which secondary function of commercial banks includes services for money transfers?

Question 15

What is the role of commercial banks in boosting consumer demand?