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  9. Q258

RBI Grade B Officer (General / DEPR / DSIM) 2022 · Question 258 of 276

- Read the passage given below and answer the following questions Worldwide, banks are increasingly using outsourcing, as a means of both reducing cost and accessing specialist expertise not available internally and achieving strategic aims. Outsourcing' may be defined as a bank's use of a third party (either an affiliated entity within a corporate group or an entity that is external to the corporate group) to perform activities on a continuing basis that would normally be undertaken by the bank itself, now or in the future. (This is a recreated passage and not the exact one asked in the exam) Typically outsourced financial services include application processing, loan origination, credit card and ______________________?

Banking

  1. AA. Document processing
  2. BB. Investment management
  3. CC. Supervision of loans
  4. DD. Data processing
  5. EE. All of the aboveCorrect

Answer: E. E. All of the above

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B Phase 2 2022 Finance and Management recollected questions with answer key (EduTap compilation) · memory-based

← Q257View full paper (276 questions)Q259 →

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