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Which of the following is best classified as a utility function of a bank?

medium Q4 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
Which of the following is best classified as a utility function of a bank?
AAccepting deposits
BGranting loans
CCredit creation
DProviding safe deposit lockers
Step-by-Step Solution

  1. Step 1: Identify support service

    Utility functions support customers but are not core.

  2. Step 2: Match with option

    Safe deposit lockers are customer convenience services.

  3. Final Answer:

    Providing safe deposit lockers → Option D

  4. Quick Check:

    Lockers aid customers, not core banking ✅
Quick Trick: Customer convenience = utility function.
Common Mistakes:
  • Treating lockers as core banking.
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