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Commerce · Q635

Insurance

Graduate and Post Graduate · Commerce · question 635

Q635

State which of the following ones is a transactional product.

A.
Bank Deposit
Answer
B.
Life Insurance
C.
Shares in stock market
D.
Bonds and debentures

Answer: Option A

Solution

Answer: Option A
Solution:
Bank Deposit is a transactional product. Transaction Banking division of a bank typically provides commercial banking products and services for both corporates and financial institutions, including domestic and cross-border payments, risk mitigation, international trade finance as well as trust, agency, depositary, custody and related services.