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 the largest bank in the world in terms of market capitalization?
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China Construction Bank
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Industrial & Commercial Bank of China
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Wells Fargo & Co
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Bank of America
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Explanation:
Detailed explanation-1: -The United States of America-based JPMorgan Chase & Co is the leading bank in the world by market capitalization.
Detailed explanation-2: -The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals.
Detailed explanation-3: -HDFC Bank. In terms of assets and market capitalization, HDFC Bank Ltd., a privately held Indian bank, the largest bank in India in 2021 (822, 326 cr).
There is 1 question to complete.