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Commerce · Q404

Insurance

Graduate and Post Graduate · Commerce · question 404

Q404

Which among the following can be categorised under transactional products?

A.
Bank deposits
Answer
B.
Life insurance
C.
Shares
D.
Bonds

Answer: Option A

Solution

Answer: Option A
Solution:
Bank deposits can be categorised under transactional products. 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.