Functions of financial services exclude
(a) Mobilization of savings
(b) Allocation of fund
(c) Specialized services
(d) Collection of tax
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C)
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Functions of financial services exclude Specialised services.
- The function of financial services is to use the funds of the company in such a way that the maximum possible utility is achieved.
- The financial services include the mobilization of the savings so that they can be invested where we can receive a maximum number of gains.
- Allocation of funds is also an important part of financial functions which helps a company to allocate their funds into specific departments according to the needs of each department.
- The collection of taxes is also a function of the financial services as they need to calculate the taxes which needs to be paid by the company and also file for tax returns benefits.
The answer is(c) specialised services.
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