Q 1517356280.     Whenever some people wish to enter into the business world, it is a must for them to approach a bank. What services do banks provide them in this regard?
(1) Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them.
(2) Maintaining account books for them for their day-to-day activities so that they are not required to appoint account/
finance personnel on a regular basis
(3) Lending money by way of overdraft, installment loan, credit or advance for business activities





A

Only (1)

B

Only (2)

C

Only (3)

D

Only (1) & (3)

E

All of the above

Find instant solution to any question from our database of 1.5 Lakh + Questions

 

Access free resources including

Engineering

Medical

Banking

DEFENCE

SSC

RRB

CBSE-NCERT

OLYMPIAD

Today's Score

0
Success Rate: NAN %

Practice & Test

Sr. No.SubjectTagCorrectRecorded Answer