{"id":32895,"date":"2024-04-15T09:08:24","date_gmt":"2024-04-15T09:08:24","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32895"},"modified":"2024-04-15T09:08:24","modified_gmt":"2024-04-15T09:08:24","slug":"match-the-following-list-i-activities-list-ii-functions-a-underwriting-1-primary-functions-b-transfer-of-funds-2-granting-advances-c-overdraft-3-utility-functions-d-recurring-deposits-4-a","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-activities-list-ii-functions-a-underwriting-1-primary-functions-b-transfer-of-funds-2-granting-advances-c-overdraft-3-utility-functions-d-recurring-deposits-4-a\/","title":{"rendered":"Match the following. List-I (Activities) List-II (Functions) a. Underwriting 1. Primary functions b. Transfer of funds 2. Granting advances c. Overdraft 3. Utility functions d. Recurring deposits 4. Agency functions"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9da74cb4dc0\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    a-1, b-2, c-4, d-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    a-4, b-3, c-2, d-1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a-3, b-4, c-2, d-1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    a-2, b-4, c-3, d-1                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: A. a-1, b-2, c-4, d-3.<\/p>\n<p>Underwriting is a primary function of banks. It is the process of guaranteeing the issuance of securities by a company or government. Banks also provide transfer of funds services, which are utility functions. These services include check clearing, wire transfers, and online bill pay. Overdrafts are a type of loan that banks provide to customers who have overdrawn their checking accounts. This is an agency function of banks, as they are acting on behalf of the customer to provide them with a loan. Recurring deposits are a type of savings account that allows customers to make regular deposits into their account. This is a utility function of banks, as it allows customers to save money on a regular basis.<\/p>\n<p>Here is a more detailed explanation of each of the options:<\/p>\n<ul>\n<li>Underwriting is a primary function of banks. It is the process of guaranteeing the issuance of securities by a company or <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> government. Banks underwrite securities by agreeing to purchase them from the issuer at a predetermined price. This helps to ensure that the securities are sold and that the issuer receives the funds it needs.<\/li>\n<li>Transfer of funds is a utility function of banks. It is the process of moving money from one account to another. Banks provide this service through a variety of channels, including check clearing, wire transfers, and online bill pay.<\/li>\n<li>Overdrafts are a type of loan that banks provide to customers <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> who have overdrawn their checking accounts. This is an agency function of banks, as they are acting on behalf of the customer to provide them with a loan. When a customer overdraws their checking account, the bank will typically allow them to continue spending money up to a certain amount. The customer will then be charged interest on the amount they have overdrawn.<\/li>\n<li>Recurring deposits are a type of savings account that allows customers to make regular deposits into their account. This is a utility function of banks, as it allows customers to save money on a regular basis. Recurring deposits are often used to save for specific goals, such as a down payment on a house or a new car.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match the following. List-I (Activities) List-II (Functions) a. Underwriting 1. Primary functions b. Transfer of funds 2. Granting advances c. Overdraft 3. Utility functions d. Recurring deposits 4. 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