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Banking Relations

Which type of...

Question

Which type of relationship defines the relation between a bank and its customers?

A

General

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B

Special

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C

Primary

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D

Subsidiary

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Solution

The correct option is C Primary
Banking relations can be broadly classifed into general and special relations. General banking relations have two categories, primary and subsidary relations. A primary banking relationship is a relationship between a bank and its customers.

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Similar questions

Q. Explain the relation between the bank and its customers.

Q. Which of the following is correct for special relationships?

(i) A special relationship is the one between bankers and customers.
(ii) Under it, the two categories are primary and subsidiary relationships.
(iii) It a special relationship because the banks maintain secrecy of the accounts of their customers.

Q. Primary relationship refers to the relationship of trustees and beneficiaries, i.e, the bank and the customers.

Q. Which of the following relationships of banks refers to the relation between trustees and beneficiaries?

Q. Which scheme/act has enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks?

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