Banking Banking Awareness Banking Regulation System of India Question Bank Previous Years Questions - Credit Functions of Banks

  • 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.  [RBI Assistant 2015]
    (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 (1) & (2)            

    D)  Only (3)

    E)  All (1), (2) & (3)

    Correct Answer: C

    Solution :

    Not Available


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