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Introduction to Banking

Which of the ...

Question

Which of the following banks deal in foreign exchange?

A

Axis Bank

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B

Mercantile Bank

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C

IDBI Bank

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D

HDFC Bank

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Solution

The correct option is B
Mercantile Bank

Foreign banks deal in foreign exchange. Hence they are also called exchange banks. Mercantile Bank is one of the major foreign banks.

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