Question

9. Which service is considered the most valuable extended by banks ?
a) Special accounts of poor people in society
b) Accidental Insurance
c) Cheques and loans to far off places
d) Free cheque books

Answer 1

Answer:

c) cheques and loans go far off places

Answer 2

Answer:

Option c - Cheques and loans to far off places is the correct answer.

Explanation:

Cheques: Cheques are used to transfer their funds from one account to another.

• Cheques are more convenient.
• They are safer if crossed.
• It can be drawn up anytime, any branch.
• They can be traced if lost.

Loans: Loans are flexible and convenient.

• Loans are easier to manage.
• Loans are approved online these days.
• Lower interest rates.
• Higher borrowing limits.
• Loan amount can be withdrawn anywhere.

Hence, cheques and loans to far off places are the value added services provided by the banks. These services are to extend better customer services and achieve customer satisfaction.