Multiple choice general knowledge

Many Banks these days are entering into business of offering loans against property. This business of the banks can be categorized under which of the following heads of banking ?

  1. Corporate Banking

  2. Personal Banking

  3. Merchant Banking

  4. Portfolio Management Service

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Loans against property (using property as collateral) offered to individuals fall under Personal Banking. Corporate banking deals with business clients. Merchant banking involves raising capital. Portfolio Management is investment services. Property loans for personal use are personal banking products.