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 considered one among the loans under Retail Banking?
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Car loan
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Housing loan
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Personal loan
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Infrastructure loan
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Explanation:
Detailed explanation-1: -Treasury Bills – T-Bills are Government bonds or debt securities.
Detailed explanation-2: -Sale of post cards and postal stamps services are offered by post office. This service is not offered by commercial banks. Functions of commercial banks include-issuing bank drafts, depositing money and lockers for valuable items.
Detailed explanation-3: -Retail banking provides financial services to individual consumers rather than large institutions. Services offered include savings and checking accounts, mortgages, personal loans, debit or credit cards, and certificates of deposit (CDs).
Detailed explanation-4: -Which one of the following is NOT included under Retail Banking? Online Banking.
There is 1 question to complete.