BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a characteristic of a sustainable bank?
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It invests mostly on speculative transactions
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It focuses on the economic benefits, but also on the people and the planet
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It has a more active role against financial exclusion
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It is more transparent than a conventional bank
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Explanation:
Detailed explanation-1: -Therefore, Issuance of Letters of Credit is not the fund based business of commercial banks.
Detailed explanation-2: -Thus the correct answer is Indian Overseas Bank.
Detailed explanation-3: -Hence, Issuing of Notes is not the function of a Commercial Bank. NOTE-The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.
Detailed explanation-4: -Today’s retail banking sector is characterized by three basic characteristics: Multiple products (deposits, credit cards, insurance, investments and securities) Multiple channels of distribution (call center, branch, internet) Multiple customer groups (consumer, small business, and corporate).
There is 1 question to complete.