Question

Two or more separate banks comes under a single management is known as

• A. Unit banking
• B. B) Branch banking
• C. Merchant banking
• D. Chain banking

Answer 1

Answer:

D. Chain banking

Chain Banking refers to a system where two or more separate banks come under a single management or control. It allows centralized management of multiple banks while each bank remains a separate legal entity. This system helps in: Better coordination among banks Efficient utilization of resources Expanding banking operations in different areas Other options: Unit Banking: A bank operates from a single office only. Branch Banking: A bank has multiple branches under one bank. Merchant Banking: Provides financial services like underwriting, investment advisory, etc., not related to chain management.