..... is a system under which an individual bank carries on banking business with a network of branches spread all over the country.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ is a system under which an individual bank carries on banking business with a network of branches spread all over the country.

A	Mixed Banking
B	Branch Banking
C	Unit Banking
D	Corresponding Banking

Explanation:

Detailed explanation-1: -Branch banking is a system of providing banking services through different offices of a bank that acts as the head branch. The idea is to expand the bank’s business to cater to different locations and provide services to all its customers.

Detailed explanation-2: -A system of banking in which a bank carries on banking business through a large network of branches spread all over the country is known as “branch banking system”.

Detailed explanation-3: -Banking Branch Banking System means a system of banking in which a banking organization works at more than one. This is the world’s most practices banking system.

Detailed explanation-4: -Mixed banking system is a combination of both, deposit banking and investment banking. When commercial banks undertake industrial banking, it will have large amount of funds to provide substantial aid to industries as a long term loan. Hence, mixed banking helps in industrialization.

Detailed explanation-5: -(a) Pure Banking: Under pure Banking, the commercial banks give only short-term loans to industry, trade, and commerce. They specialize in short-term finance only. This type Of banking is popular in U.K.

There is 1 question to complete.