All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Banking Exams Exam  >  Banking Exams Questions  >  Yugali is a college student who wants to open... Start Learning for Free
Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?
  • a)
    Corporate banking services
  • b)
    Investment banking services
  • c)
    Retail banking services
  • d)
    Private banking services
Correct answer is option 'C'. Can you explain this answer?
Clear all your Banking Exams doubts with EduRev
Most Upvoted Answer
Yugali is a college student who wants to open a checking account to ma...
Yugali, being an individual customer, is looking for a bank that can offer her a checking account with no monthly maintenance fee and a wide network of ATMs. This falls under the category of retail banking services, which is the provision of financial services by a bank to individual customers. Option (a) is incorrect since corporate banking services are tailored to meet the needs of corporations and large businesses. Option (b) is also incorrect since investment banking services deal with complex financial transactions, such as mergers and acquisitions and underwriting of securities, and are typically offered to institutional investors and corporations. Option (d) is also incorrect since private banking services are designed to cater to the needs of high net worth individuals.
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

Read the passage given below carefully and answer the questions that follow:The days of visiting a bank branch during business hours and waiting in line to complete any transaction are long gone. The advancement of technology has drastically transformed how banking is currently done. Despite their best efforts, traditional banks fall behind the emerging generation of financial institutions known as "Neo banks" that are built on financial technology (fintech). Old customers may be satisfied with the services offered by traditional banks, but the tech-savvy new generations lack the patience and mindset completion all tasks using outdated procedures. Neobanks are fintech companies that offer a wide range of financial services, including lending, money transfers, mobile-first financial solutions, and many others.Neobanks' principal goal is to provide a degree of seamless customer service that no traditional bank has ever been able to achieve. The speed and affordability of Neobanks make the new age generation shift from traditional banks. Neobanks also lower their banking expenses, which enables them to lower their fees and offer their services to those who are underbanked. Small and medium-sized businesses, which are often deemed underserved by traditional banks, are catered to by neobanks. By releasing cutting-edge products and offering top-notch customer service, they use the mobile-first strategy to set themselves apart.Neobanks and digital banks are frequently confused with each other. Both provide banking services via phones and other devices but the similarities stop there. Neobanks fill the gap between the services provided by traditional banks and the shifts in consumer expectations in the digital era. They are altering the face of fintech.Neobanks lack the resources and clientele to dethrone traditional banks, but they do possess a unique weapon: innovation. In comparison to traditional banks, they can offer products and form partnerships considerably faster.One of the driving forces for the development of Neo banks is the adoption of new technologies by new generation, micro, small and medium-sized enterprises (MSMEs), and those with irregular revenues and earnings. Investors' attention has been sparked by Neo banks' strong adoption rates and profitable business models. Neo banks have sped up banking transactions, but they also provide a wide range of other services that make handling finance simple.Neobanks also make it easier and more convenient for those who have never used banking services before to complete day-to-day banking tasks. This helps a significant segment of the unbanked and underbanked population become financially included.Q. With what aim have the neo-banks come into existence?

The banks, in addition to the core banking products like Current Accounts, Savings Deposits, etc. offer certain para-banking activities either departmentally or by setting up subsidiaries. Some such activities are insurance, Mutual funds, credit/debit cards, social security schemes, etc. But such services cannot be offered from the banks products due to certain restrictions, rather they offer them through the relevant service providers by acting as their corporate agents. These services increase the reach and customer base of banks as it makes the banks a one-stop financial hub for all the financial demands of different customers. Also, it improves the fee-based income of the banks. For example - To avail mutual funds products through banks, the concept of Mutual banking has emerged.Q. Which of the following types of Life insurance products is the cheapest?

Top Courses for Banking ExamsView all

Top Courses for Banking Exams

Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer?
Question Description
Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. 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 Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Yugali is a college student who wants to open a checking account to manage her expenses and receive financial aid disbursements. She is looking for a bank that does not charge a monthly maintenance fee and has a wide network of ATMs. what type of banking service is Yugali looking for?a)Corporate banking servicesb)Investment banking servicesc)Retail banking servicesd)Private banking servicesCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
SaveJoin the Discussion on the App for FREE
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup