Meaning, origin and types of banking - SS2 Commerce Past Questions and Answers - page 1
Which type of banking primarily serves individual customers?
Commercial Banking
Retail Banking
Investment Banking
Which type of banking specializes in raising capital through issuing stocks and bonds?
Central Banking
Investment Banking
Commercial Banking
Which type of banking follows Islamic principles and prohibits the charging or paying of interest?
Commercial Banking
Islamic Banking
Central Banking
Which type of banking is responsible for managing a country's money supply and controlling interest rates?
Central Banking
Islamic Banking
Commercial Banking
Which type of banking primarily serves businesses and corporations?
Commercial Banking
Retail Banking
Investment banking
What is the primary role of central banks?
Central banks are responsible for managing a country's money supply, controlling interest rates, and maintaining overall financial stability.
What are the key principles of Islamic banking?
Islamic banking follows Shariah law and prohibits the charging or paying of interest. It focuses on ethical financial practices and promotes profit-sharing arrangements instead.