Question Tag: Banking Activities

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BL – May 2017 – L1 – SA – Q17 – Law Relating to Banking

Identifies an activity that is not included in the general scope of banking business.

Banking business includes the following EXCEPT
A. Purchase of bills and cheques
B. Granting of money loans
C. The effect of transfers and clearing
D. Warehousing
E. Purchasing and Sales of Securities for account of others

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BL – May 2017 – L1 – SA – Q17 – Law Relating to Banking

Identifies an activity that is not included in the general scope of banking business.

Banking business includes the following EXCEPT
A. Purchase of bills and cheques
B. Granting of money loans
C. The effect of transfers and clearing
D. Warehousing
E. Purchasing and Sales of Securities for account of others

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