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 fee-based financial service?
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Corporate counseling
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Profit management
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Lease financing
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Issue management
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Explanation:
Detailed explanation-1: -Which of the following is not a fee‐based financial service? Notes: Lease financing is one of the important sources of medium-and long-term financing where the owner of an asset gives another person, the right to use that asset against periodical payments. It is not a fee‐based financial service.
Detailed explanation-2: -Capital issue management is a fee based service.
Detailed explanation-3: -A lease is an agreement under which a company or a firm acquires a right to make use of a capital asset like machinery, on payment of a prescribed fee called „rental charges‟. Long-term.
Detailed explanation-4: -Therefore, Issuance of Letters of Credit is not the fund based business of commercial banks.
There is 1 question to complete.