Financial Awareness - Risk, Stability & Emerging Finance
Which function of commercial banks involves acting as an agent for collection of dividends and interest?
Which function of commercial banks involves acting as an agent for collection of dividends and interest?
medium Q7 of 15
Step-by-Step Solution
Step 1: Understand agency functions
Agency functions include collection of dividends and interest on behalf of customers.Step 2: Analyze options
Primary functions relate to deposits and loans; general utility functions are services like locker facilities; investment function is not a standard bank function.Final Answer:
Agency function → Option CQuick Check:
Collection of dividends = Agency function ✅
Quick Trick: Agency functions = Acting on customer's behalf
Common Mistakes:
- Confusing agency with primary or utility functions
Master "Risk, Stability & Emerging Finance" in Financial Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Financial Awareness Quizzes