Question

TEST PAPER
Very Short Qustions
1. Name the Presidency Bank of India.
2. In which year Imperial bank of India came into existence
3. Name was the first bank to be set up in India?
4. Mention two primary functions of a bank.
5. Mention any two agency functions of a bank.
6. State any two utility functions of a bank available to non​

Answer 1

Answer:

nijad

Explanation:

because he is the greatest

Answer 2

Answer:

1. Imperial Bank of India

2. 2 June 1806

3. the Bank of Hindustan

4. The two functions of banks in the economy are accepting deposits and granting advances or lending loans.

5. the two agency function of a bank:-

•Making and collecting payments

•Accepting Bills

6. The two utility function of a bank:-

•Safe Deposit Vault

•Remittance of funds/Transfer of money

Explanation:

I hope you are satisfy with answer