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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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. 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 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. 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 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. Can you explain this answer?.

Solutions for 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. 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 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice 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.Read the following statements about the Para banking activities of banks-I. Solution-oriented funds are a type of mutual fund that has a pre-specified lock-in period. An example of such a type of fund is the Index Fund schemeII. Pradhan Mantri Jeevan Bima Yojana (PMJJBY) is a life insurance cover for the death of the holder due to any reason and it is administered through the Life Insurance Companies. An individual is eligible to join the scheme through one bank account only in the case of multiple banks.a)Statement I is true and II is falseb)Statement I is false and II is truec)Statements I and II are trued)Statements I and II are falseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Banking Exams tests.