Multiple choice

The allied services of bank do not include

  1. payment of bill

  2. locker facilities

  3. buying and selling of debentures and shares on behalf of customers

  4. remittance of funds

  5. none of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 It is not an allied service of bank but its main service. Commercial banks provide the facility of funds transfer from one place to another through instruments such as bank drafts, pay orders etc. The bank has to provide this facility mandatorily.