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Commercial bank - SS2 Commerce Past Questions and Answers - page 1

1

Which type of customers do commercial banks primarily serve?

 

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A

Individuals

B

Businesses and corporations

 

C

Government agencies

 

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2

What is one of the primary functions of commercial banks?

 

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A

Providing loans and credit facilities

 

B

Offering legal advice

 

C

Managing real estate properties

 

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3

What is the purpose of an overdraft facility provided by commercial banks?

 

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A

It allows customers to withdraw money without any limits.

 

B

It allows customers to earn interest on their deposits.

 

C

It allows customers to spend more money than what is currently in their account.

 

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4

Which of the following is not a function of commercial banks?

 

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A

Accepting deposits

 

B

Providing insurance services

 

C

Facilitating payments and transfers

 

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5

Who typically pays interest on a loan from a commercial bank?

 

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A

The bank

 

B

 The shareholders of the bank

 

C

The borrower

 

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6

State one function of commercial banks

 

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7

What is an overdraft facility provided by commercial banks?

 

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