GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as ____
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Virtual Banking
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Internet banking
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Universal banking
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Wholesale banking
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Explanation:
Detailed explanation-1: -Universal Banking-banks or financial organisations that undertake banking activities like issue of credit, debit card etc.
Detailed explanation-2: -Commercial banks, known as universal banks, provide a staggering array of services all under one roof. In contrast, a commercial bank offers necessary services, including customer deposits, disbursing loans, locker facilities, demand draughts, credit cards, and remittance services.
Detailed explanation-3: -Answer Explanation. ANSWER: Universal banking. Explanation: Universal banks may offer credit, loans, deposits, asset management, investment advisory, payment processing, securities transactions, underwriting and financial analysis.
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