Discussion
The commercial bank do not perform one function out of the following
Answer: C
Correct answer: Issues currency notes
Issuing currency notes is a central bank function, not a commercial bank one. In India the Reserve Bank has the sole right to issue notes other than the one-rupee note, which the Government issues; commercial banks distribute currency but do not create it.
The other three are ordinary commercial banking functions: mobilising savings by accepting deposits, lending them out as loans and advances, and directing a prescribed share of credit to priority sectors such as agriculture, micro and small enterprise and weaker sections.
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