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Which function enables banks to mobilise savings from the public?

easy Q1 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
Which function enables banks to mobilise savings from the public?
AAccepting deposits
BGranting loans
CCredit creation
DProviding locker facility
Step-by-Step Solution

  1. Step 1: Identify savings mobilisation

    Mobilising savings means collecting money from the public.

  2. Step 2: Match with core activity

    Banks collect public savings by accepting deposits.

  3. Final Answer:

    Accepting deposits → Option A

  4. Quick Check:

    Savings enter banks through deposit accounts ✅
Quick Trick: Public savings always come through deposits.
Common Mistakes:
  • Assuming lending mobilises savings.
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