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)
• E.  All of these