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Statement 1: Retail banking involves the provision of financial services to individual customers.
Statement 2: The role of retail banking in bank operations is to generate revenue through customer deposits and loans.
Statement 3: Retail banking services include savings accounts, personal loans, and credit cards.
  • a)
    Only Statement 1 and Statement 2 are true.
  • b)
    Only Statement 2 and Statement 3 are true.
  • c)
    Only Statement 1 and Statement 3 are true.
  • d)
    All three statements are true.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Statement 1: Retail banking involves the provision of financial servic...
Retail banking involves the provision of financial services to individual customers, as stated in Statement 1. The role of retail banking in bank operations is to generate revenue through customer deposits and loans, as stated in Statement 2. Retail banking services include savings accounts, personal loans, and credit cards, as stated in Statement 3. Therefore, all three statements are true, and option (d) is the correct answer.
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Statement 1: Retail banking involves the provision of financial services to individual customers.Statement 2: The role of retail banking in bank operations is to generate revenue through customer deposits and loans.Statement 3: Retail banking services include savings accounts, personal loans, and credit cards.a)Only Statement 1 and Statement 2 are true.b)Only Statement 2 and Statement 3 are true.c)Only Statement 1 and Statement 3 are true.d)All three statements are true.Correct answer is option 'D'. Can you explain this answer?
Question Description
Statement 1: Retail banking involves the provision of financial services to individual customers.Statement 2: The role of retail banking in bank operations is to generate revenue through customer deposits and loans.Statement 3: Retail banking services include savings accounts, personal loans, and credit cards.a)Only Statement 1 and Statement 2 are true.b)Only Statement 2 and Statement 3 are true.c)Only Statement 1 and Statement 3 are true.d)All three statements are true.Correct answer is option 'D'. 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 Statement 1: Retail banking involves the provision of financial services to individual customers.Statement 2: The role of retail banking in bank operations is to generate revenue through customer deposits and loans.Statement 3: Retail banking services include savings accounts, personal loans, and credit cards.a)Only Statement 1 and Statement 2 are true.b)Only Statement 2 and Statement 3 are true.c)Only Statement 1 and Statement 3 are true.d)All three statements are true.Correct answer is option 'D'. 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 Statement 1: Retail banking involves the provision of financial services to individual customers.Statement 2: The role of retail banking in bank operations is to generate revenue through customer deposits and loans.Statement 3: Retail banking services include savings accounts, personal loans, and credit cards.a)Only Statement 1 and Statement 2 are true.b)Only Statement 2 and Statement 3 are true.c)Only Statement 1 and Statement 3 are true.d)All three statements are true.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Statement 1: Retail banking involves the provision of financial services to individual customers.Statement 2: The role of retail banking in bank operations is to generate revenue through customer deposits and loans.Statement 3: Retail banking services include savings accounts, personal loans, and credit cards.a)Only Statement 1 and Statement 2 are true.b)Only Statement 2 and Statement 3 are true.c)Only Statement 1 and Statement 3 are true.d)All three statements are true.Correct answer is option 'D'. 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.
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