Multiple choice

Opening the Saving Bank Account of a minor girl will be called as which of the following in Banking terminology?

  1. Retail Banking

  2. Merchant Banking

  3. Institutional Banking

  4. Social Banking

  5. Corporate Banking

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

Opening a savings bank account for an individual minor falls under retail banking, which deals with individual consumers rather than businesses or institutions. Retail banking includes services like savings accounts, personal loans, and other financial products for individual customers. The other options describe different types of banking: merchant banking (corporate advisory), institutional banking (serving large institutions), social banking (financial inclusion initiatives), and corporate banking (business services).