New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    What is an example of a niche financial center for wealth management?

    A Zurich Correct Answer Incorrect Answer
    B Geneva Correct Answer Incorrect Answer
    C New York Correct Answer Incorrect Answer
    D Hong Kong Correct Answer Incorrect Answer
    E London Correct Answer Incorrect Answer

    Solution

    Niche financial centers focus on specific financial activities, such as commodity trading, foreign exchange, or insurance. Examples include Zurich for insurance and Geneva for wealth management. These centers offer specialized services and expertise in their respective areas and often have a competitive advantage over larger centers that offer a more diverse range of services.

    Practice Next