Solution
Option 1 -> This is a function of the Central Bank, not commercial banks.
Option 2 -> Printing currency notes is the exclusive responsibility of the Central Bank and government mints.
Option 3 -> This is the core function of commercial banks - they mobilize savings through deposits and provide credit to borrowers.
Option 4 -> Regulation is carried out by the Central Bank and other regulatory authorities, not commercial banks.
Hence, Option 3: Granting Loans and accepting deposits -> Commercial banks act as financial intermediaries. Their primary functions include accepting deposits from the public (savings, current, fixed deposits) and providing loans and advances to individuals, businesses, and industries. Through this process, they facilitate credit creation in the economy and support economic growth. Other functions like controlling money supply, printing currency, and regulation are performed by the Central Bank -> correct