Podcast
Questions and Answers
What is one way the bank can establish a distinct identity in the face of fierce competition?
What is one way the bank can establish a distinct identity in the face of fierce competition?
- Hiring unqualified staff
- Investing in real estate properties
- Reducing customer services
- Improving advertising efforts (correct)
Why is it important for banks to show the relevance and utility of their services to customers?
Why is it important for banks to show the relevance and utility of their services to customers?
- To confuse the customers
- To discourage customers from using banking services
- To attract and retain customers (correct)
- To benefit from direct contact with customers
What is a key challenge faced by banks due to the variety and diversity of banking services?
What is a key challenge faced by banks due to the variety and diversity of banking services?
- Meeting diverse needs efficiently (correct)
- Decreasing the number of services offered
- Avoiding innovation in services
- Limiting customer options
Why is predicting future demand for banking services challenging according to the text?
Why is predicting future demand for banking services challenging according to the text?
What should banks consider when balancing growth and expansion in banking services?
What should banks consider when balancing growth and expansion in banking services?
In the context of fierce competition, why is it essential for banks to innovate new products?
In the context of fierce competition, why is it essential for banks to innovate new products?
What is the role of the Council of Ministers in regards to bank establishment licenses?
What is the role of the Council of Ministers in regards to bank establishment licenses?
What is one of the basic principles of effective competition in a stable financial system?
What is one of the basic principles of effective competition in a stable financial system?
How are banking services defined in the text?
How are banking services defined in the text?
What is a characteristic of banking services according to the text?
What is a characteristic of banking services according to the text?
In the context of banking services, what does 'lack of unique identity' mean?
In the context of banking services, what does 'lack of unique identity' mean?
What role does SAMA play in the issuance of bank establishment licenses?
What role does SAMA play in the issuance of bank establishment licenses?
Which of the following is a restriction placed on banks by Article (10) of the Banking Control Law?
Which of the following is a restriction placed on banks by Article (10) of the Banking Control Law?
What type of activities are banks prohibited from engaging in according to Article (10) of the Banking Control Law?
What type of activities are banks prohibited from engaging in according to Article (10) of the Banking Control Law?
Which of the following financial actions is forbidden for banks in relation to their own shares?
Which of the following financial actions is forbidden for banks in relation to their own shares?
In accordance with the Banking Control Law, which action is not permitted for banks regarding their Board members or Auditors?
In accordance with the Banking Control Law, which action is not permitted for banks regarding their Board members or Auditors?
What is the maximum percentage of a joint-stock company's paid-up capital that a bank can own shares of, according to the Banking Control Law?
What is the maximum percentage of a joint-stock company's paid-up capital that a bank can own shares of, according to the Banking Control Law?
Which financial activity is not allowed for banks with respect to their employees, as stated in Article (9) of the Banking Control Law?
Which financial activity is not allowed for banks with respect to their employees, as stated in Article (9) of the Banking Control Law?
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