A financial institution can be a banking institution only when it __________.

PYQ SSC JE (Junior Engineer) 2023

1. A.

   neither performs the function of ’accepting deposits’ nor of ‘advancing loans’

2. B.

   performs both the functions of ‘accepting deposits’ and ‘advancing loans’

3. C.

   performs the function of ‘advancing loans’ and not ‘accepting deposits’

4. D.

   performs the function of ‘accepting deposits’ and not ‘advancing loans’

Attempted by 11 students.