question_answer

As reported in some major financial newspapers, many times it is said that "Other Income" boosts the profit of a bank to a substantial level. What is this other income for a bank? [Pick up the option(s) which are the part(s) of this other income. [OBC 2008]

(1) Commission for selling insurance policies

(2) Fee for providing various services (like ATM/Extra cheque etc)

(3) Interest on advances and loans

A)  Only (1)                     

B)  Only (2)

C)  Both (2) & (3)            

D)  Only (3)

E)  All (1), (2) & (3)