Question Description
Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Retail asset products of banks refer to financial products that are offered to individual customers or retail clients, rather than corporate or institutional clients. Examples of retail asset products include personal loans, credit cards, mortgages, car loans, and home equity lines of credit. These products are designed to meet the financial needs of individuals, such as buying a house or car, financing education, or consolidating debt. Retail asset products can be secured, where the borrower pledges collateral, such as a home or car, or unsecured, where no collateral is required. Banks earn revenue from retail asset products through interest charges, and these products can be an important source of income for banks.Q. When are proposals referred to the Regional/Circle/Zonal Office in a standalone model?a)When the proposal is less than the discretionary limit of the branchb)When the proposal exceeds the discretionary limit of the branchc)When the proposal is not eligible for a loand)When the proposal is for a corporate loanCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.