MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 12: The Financial and Banking Systems of the Government of Bangladesh
The features of the said bank are-
- i. accepting deposits
- ii. controlling loans
- iii. giving loans
Think it through first, then pick an option.
- a i and ii
- b i and iii
- c ii and iii
- d i, ii and iii
Answer and explanation
Correct answer: b i and iii
The true statements are i and iii. i: accepting deposits is a main function of a commercial bank. iii: giving loans is an important function of a commercial bank.
Why the other options are wrong
- a i and ii: ii is false: controlling loans is a function of the central bank. iii is left out although it is true: giving loans is an important function of a commercial bank.
- c ii and iii: ii is false: controlling loans is a function of the central bank. i is left out although it is true: accepting deposits is a main function of a commercial bank.
- d i, ii and iii: ii is false: controlling loans is a function of the central bank.
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