BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following is a retail banking product? [IBPS 2012]
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Home Loans
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Working capital finance
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Corporate term loans
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Infrastructure financing
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Explanation:
Detailed explanation-1: -Working capital finance is a retail banking product.
Detailed explanation-2: -Retail banks offer checking and savings accounts, mortgages, personal loans, credit cards, and certificates of deposit (CDs).
Detailed explanation-3: -Standard retail banking products are bank accounts, lines of credit and bank cards. Individuals can open savings accounts, while business owners can opt for current accounts. Debit card and credit card facilities are also part of the retail banking universe.
Detailed explanation-4: -Operating account is NOT retail banking product.
There is 1 question to complete.