Vidyalelo
Commerce · Q718

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 718

Q718

Which of the following are included under representation functions of a bank? 1. Payment of cheques and bills 2. Providing remittance facilities 3. Underwriting of securities 4. Advancing clean credit 5. Allowing overdrafts on current account 6. Purchase and sale of securities

A.
1, 2, 3 and 4
B.
3, 4, 5 and 6
C.
1, 2, 3 and 6
Answer
D.
2, 3, 5 and 6

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board