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Question

Accepting deposits from the public is the ________ function of commercial bank.
  1. secondary
  2. general
  3. incidental
  4. primary

A
general
B
primary
C
incidental
D
secondary
Solution
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A commercial is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. The primary function of commercial banks are to accept deposits without which it cannot initiate its other functions.

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