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      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.  Why Other Options Are Incorrect • B: Income-related. • C: Technology usage. • D: Temporary context. • E: Age/gender/income variables.  Banking Example: Customers choosing nationalized banks due to safety perception.

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