Universal banking - Banking awareness questions on current affairs

1)   When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.

a. Internet banking
b. Universal banking
c. Virtual Banking
d. Wholesale banking
Answer  Explanation 

ANSWER: Universal banking

Universal banks may offer credit, loans, deposits, asset management, investment advisory, payment processing, securities transactions, underwriting and financial analysis.