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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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