GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -Definition of Wholesale Banking-Focuses on financial needs of institutional investors.
Detailed explanation-2: -Wholesale financial markets enable companies, public sector organisations, governments and financial institutions to raise short-term finance and long-term capital to fund growth; undertake domestic and international trade; manage financial and other risks; and pursue investment opportunities.
Detailed explanation-3: -Wholesale funding refers to the use of deposits and other liabilities from institutions such as banks, pension funds, money market mutual funds and other financial intermediaries. When a bank relies on short-term wholesale funds to support long-term illiquid assets, it becomes vulnerable to runs by wholesale creditors.