Question

    Which consumer factor explains preference for branded

    banks over cooperative banks due to trust perception?
    A Psychological factor Correct Answer Incorrect Answer
    B Economic factor Correct Answer Incorrect Answer
    C Technological factor Correct Answer Incorrect Answer
    D Situational factor Correct Answer Incorrect Answer
    E Demographic factor Correct Answer Incorrect Answer

    Solution

    Trust perception and belief systems fall under psychological factors. ┬аWhy Other Options Are Incorrect тАв B: Income-related. тАв C: Technology usage. тАв D: Temporary context. тАв E: Age/gender/income variables. ┬аBanking Example: Customers choosing nationalized banks due to safety perception.

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