Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Which of the following is not an agency function?

Options:

Purchase and sale of securities

Collection of funds

Transfer of funds

Locker facility

Correct Answer:

Locker facility

Explanation:

Agency functions refers to the services rendered by bank to their customers in return of some commission. Providing locker facility to the customers is one of the utility functions.