What is the primary activity of a commercial bank?
تجارتی بینک کی بنیادی سرگرمی کیا ہے؟
- Maintaining deposit accounts including current accounts
- issuing and paying cheques
- collecting cheques for the bank's customers
- all of these
Explanation
The primary functions of a commercial bank are:
accepting deposits and also lending funds.
Deposits are savings, current, or time deposits.
Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdrafts discounting of bills, etc.
NA22-9-2023
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