a-3, b-1, c-2, d-4
a-1, b-3, c-4, d-2
a-3, b-4, c-2, d-1
a-2, b-3, c-1, d-4
Answer is Right!
Answer is Wrong!
The correct answer is: A. a-3, b-1, c-2, d-4
List-I List-II
a. Underwriting 3. Utility Functions
b. Transfer of funds 1. Primary Functions
c. Overdraft 2. Granting Advances
d. Recurring Deposits 4. Agency Functions
Explanation
- Underwriting is a type of investment banking service that involves an investment bank guaranteeing the sale of securities on behalf of an issuer. This is a primary function of a bank, as it helps to ensure that new securities are issued and that investors have access to them.
- Transfer of funds is the process of moving money from one account to another. This is a utility function of a bank, as it provides a convenient way for customers to manage their finances.
- Overdraft is a type of loan that allows customers to spend more money than they have in their account. This is a granting advance function of a bank, as it provides customers with access to additional funds when they need them.
- Recurring Deposits are a type of deposit account that allows customers to make regular deposits into their account. This is an agency function of a bank, as it allows customers to save money on a regular basis.