Multiple choice

Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms?

  1. As Indian economy is getting increasingly integrated with the rest of the world the demand of the Corporate banking is likely to change in terms of size, composition of services and also the quality.
  2. The growing foreign trade in India will have to be financed by the local banks.
  3. Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this reference.

  1. Only 1 is correct

  2. Only 2 is correct

  3. Only 3 is correct

  4. All 1, 2 and 3 are correct

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Indian banks face challenges due to global economic integration, which requires higher standards of corporate banking, and the need to finance growing foreign trade. While technology is important, statement 3 is less of a direct 'challenge' to the banking sector's operational core compared to the first two.

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