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Commerce · Q1032

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 1032

Q1032

Which one of the following statement is correct?

A.
Granting loan to the borrowers is not the main function of a bank
B.
Bank cannot buy and sell shares and debentures on behalf of customers
C.
Narasimham Committee recommended making banking structure of the counting three tier
Answer
D.
Banks have the same function as development bank

Answer: Option C

Solution

Answer: Option C
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