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    Question

    Which of the following is not a recognized category of

    banking services?
    A Fund-based services Correct Answer Incorrect Answer
    B Non-fund based services Correct Answer Incorrect Answer
    C Internet banking Correct Answer Incorrect Answer
    D Value-based services Correct Answer Incorrect Answer
    E All are recognized categories Correct Answer Incorrect Answer

    Solution

    Banks classify services as fund-based and non-fund based. Internet banking is a delivery channel. “Value-based services” is not standard.

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