Answer-What is “Non-Interest Income” of banks?

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Question

What is “Non-Interest Income” of banks?

A Income earned from social services Correct Incorrect

B Income earned by keeping assets with the RBI Correct Incorrect

C Income earned by investing in derivatives Correct Incorrect

D Income derived from fee-based services Correct Incorrect

E None of these Correct Incorrect

Detailed Solution

Non-interest income is bank and creditor income derived primarily from fees including deposit and transaction fees, insufficient funds (NSF) fees, annual fees, monthly account service charges, inactivity fees, check and deposit slip fees, and so on.

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What is “Non-Interest Income” of banks?

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