Question
What is the main difference between regional financial
centers and traditional financial centers?Solution
Regional financial centers serve specific regional economies rather than just national economies. Examples include Singapore and Hong Kong for Asia, and Dubai for the Middle East. They are smaller than traditional centers but still play a significant role in the global financial system. They offer specialized financial services tailored to their respective regions, such as Islamic finance in the Middle East and wealth management in Singapore.
Which of the following is true about Neo banking in India?
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Statement 1: Neo banks are digital-only banks that operate exclusively ...
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