Universal Banking- banks or financial organisations that undertake banking activities like issue of credit, debit card etc

Q.  When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.
- Published on 20 Jul 15

a. Internet banking
b. Universal banking
c. Virtual Banking
d. Wholesale banking

ANSWER: Universal banking
 
Universal banks may offer credit, loans, deposits, asset management, investment advisory, payment processing, securities transactions, underwriting and financial analysis.

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