Business Studies

Which of the following statements is true or false?
a) Commercial banks can issue currency notes
b) Commercial banks sell and purchase securities on behalf of their customers


ANSWER

(a) is false, but (b) is true


SOLUTION
Only Reserve Bank of India has the right to issues currency notes in India. 
Commercial banks sell and purchase securities, shares and debentures on behalf of their customers.
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Single Correct Medium Published on 18th 08, 2020
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