Whenever some people wish to enter into the business world, it is a must for them to approach a bank. What services do banks provide them in this regard? [Syndicate 2010] (1) Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them. (2) Maintaining account books for them for their day-to-day activities so that they are not required to appoint account/finance personnel on a regular basis. (3) Lending money by way of overdraft, instalment loan, credit or advance for business activities

Whenever some people wish to enter into the business world, it is a mu

1.	Whenever some people wish to enter into the business world, it is a must for them to approach a bank. What services do banks provide them in this regard? [Syndicate 2010] (1) Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them. (2) Maintaining account books for them for their day-to-day activities so that they are not required to appoint account/finance personnel on a regular basis. (3) Lending money by way of overdraft, instalment loan, credit or advance for business activities
A.	Only (1)
B.	Only (2)
C.	Only (3)
D.	Only (1) & (3)
Answer» E.

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