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 type of bank?
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Credit Union
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Online Bank
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Payday Lender
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Retail Bank
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Explanation:
Detailed explanation-1: -A payday lender is not a bank. Short-term borrowing is characterized by a high interest rate where the lender provides loans to the borrower.
Detailed explanation-2: -Fixed deposit Was this answer helpful?
Detailed explanation-3: -The Reserve Bank of India is not a commercial bank because it is the central bank of India with the authority to issue currency in the country.
There is 1 question to complete.