Question

Those banking activities which a bank performs, apart from its daily activities like withdrawal or deposit of money is known as

• A. Para banking
• B. Core banking
• C. Retail banking
• D. Corporate banking

Answer 1

Answer:

A. Para banking

Para Banking:

• Para Banking activities are defined as those banking activities which a bank performs, apart from its daily activities like withdrawal or deposit of money.
• Para banking activities include insurance business, mutual funds, investment in venture capitals etc.