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    Question

    The Banking which offers all types of financial products

    like banking, insurance, mutual funds, capital market related products, investment products, and merchant banking among others is known as:
    A Retail Banking Correct Answer Incorrect Answer
    B Wholesale Banking Correct Answer Incorrect Answer
    C Universal Banking Correct Answer Incorrect Answer
    D Extended Banking Correct Answer Incorrect Answer
    E Integrated Banking Correct Answer Incorrect Answer

    Solution

    Universal banking means all types of products to its customers. It is beneficial to both the customer and the bank in saving a lot of time and also helps a bank to realize both, the fund and the non-fund based income.

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