Answer: D. Warehousing

Explanation: Banking business typically involves financial transactions and services such as accepting deposits, granting loans, purchasing bills and cheques, and facilitating transfers and clearing. However, warehousing is not a banking activity. It is related to the storage of goods and inventory management, which falls outside the traditional scope of banking operations.

• Option A (Purchase of bills and cheques) is a common banking activity related to the handling of financial instruments.
• Option B (Granting of money loans) is a core banking function, as banks primarily deal with lending.
• Option C (The effect of transfers and clearing) involves processing payments and settling transactions, which is central to banking operations.
• Option E (Purchasing and Sales of Securities for account of others) is also a banking activity, especially for investment banks acting on behalf of clients.

Therefore, “Warehousing” is the correct answer as it does not pertain to banking business.