Which of the following is not a function of a commercial bank?

Related Mcqs:

The sum of total income received for the services of labor, land or capital in a country is called?

A. Gross domestic product B. National income C. Gross domestic income D. Gross national income...

Term the written order which directs that a specified sum of money be paid to a specified person ?

A. Bill of Exchange BE B. Bill of Lading C. Bearer Cheque D. None of them...

Free port is ?

A. Where no export duties are levied B. Where no import duties are levied C. Where no expert or import duties are levied D. Where everything can be import or export...

A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?

A. Bond deposit B. term deposit C. time deposit D. Fixed investment...

By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?

A. Foreclosure B. Default C. Bankrupt D. None of these...