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Which of the following is not a primary function of a Bank?
Answer & Solution
Correct Answer:
Option
C
C. Facilitating import of goods is not a primary function of a bank.
The primary functions of a bank typically include granting loans (A), collecting cheques/drafts from customers (B), and issuing bank drafts (D). Facilitating import of goods is more commonly associated with services provided by trade finance institutions or specialized departments within banks that deal with international trade. While some banks may offer such services, it is not considered a primary function of a bank in the traditional sense.
The primary functions of a bank typically include granting loans (A), collecting cheques/drafts from customers (B), and issuing bank drafts (D). Facilitating import of goods is more commonly associated with services provided by trade finance institutions or specialized departments within banks that deal with international trade. While some banks may offer such services, it is not considered a primary function of a bank in the traditional sense.
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LoginA. True
B. False
A. many to many relationship between the tables that connect them
B. parent child relationship between the tables that connect them
C. none of these
D. network model between tables that connect them