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Questions and Answers
Which of the following is a typical service offered by banks?
Which of the following is a typical service offered by banks?
- Legal consultation
- Medical diagnosis
- Currency exchange (correct)
- Plumbing services
What is the primary purpose of banking and insurance?
What is the primary purpose of banking and insurance?
- To regulate the stock market
- To generate profit for the government
- To provide financial services and risk management (correct)
- To support agricultural development
What is the main function of insurance?
What is the main function of insurance?
- To manufacture consumer goods
- To transfer risk from individuals to an insurance company (correct)
- To build infrastructure projects
- To provide emergency medical treatment
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