Which among the following does not qualify as a para banking activitya.deposit acceptanceb.referral servicesc.locker facilityd.ATM facility
Question
Which among the following does not qualify as a para banking activitya.deposit acceptanceb.referral servicesc.locker facilityd.ATM facility
Solution
The option that does not qualify as a para banking activity is a. deposit acceptance.
Para banking activities are services provided by banks apart from regular banking services. These include services like ATM facilities, locker facilities, and referral services. However, deposit acceptance is a regular banking activity, not a para banking activity. Banks accept deposits from customers as a part of their primary function, which is to accept deposits and lend money.
Similar Questions
Banking included in which sector of activity
According to the Companies Act, 2013, which type of company is prohibited from accepting deposits from the public?a.Public companyb.Private companyc.Government companyd.Non -Profit company
Which type of banking does NOT require visiting a physical branch?a) Traditional banking b) Online banking c) Mobile banking d) Both b and c
Which of the following balance sheet portfolio items is NOT a source of funds for a bank?I OverdraftsII Lease financeIII Call depositsIV Share capitalV Consumer loansVI CDVII Term deposits
Which of the following is/are considered an asset of a bank?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.