Author name: Administrator

✅ The correct answer is A.
Bank deposits can be categorised under transactional products. Transaction Banking division of a bank typically provides commercial banking products and services for both corporates and financial institutions, including domestic and cross-border payments, risk mitigation, international trade finance as well as trust, agency, depositary, custody and related services.

✅ The correct answer is E.
All the above are true about IMF.
It’s headquarter is situated at Washington, D.C, It works to foster economic stability and global growth by providing policy, advice and financing to members, It negotiates conditions on lending and loans under their policy and It oversees the fixed exchange rate arrangements between countries.

✅ The correct answer is C.
Endowment assurance plan has both a death benefit as well as a survival component. Endowment plan is a life insurance policy which provides you with a combination of both i.e.: an insurance cover, as well as an savings plan. It helps you in saving regularly over a specific period of time, so that you are able to get a lump sum amount on policy maturity, if the policyholder survives the policy term.