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Q: In 2016, a new Product ''SBI Exclusif'' availed by State Bank of India. What is the financial nature of this product?
  • A. Money management
  • B. Recurring deposit plan
  • C. Insurance
  • D. After of mutual fund
Correct Answer: Option A - In 2016, any individual who has availed loans of over `1 Crore from a Bank or holds deposits of `30 Lakhs or earns a salary of `72 Lakhs and more a month can become an "SBI Exclusif" customer. It is a Premium elite service completely reserved for wealth management. A separate relationship manager is assigned to you who advises and invests your money for best returns.
A. In 2016, any individual who has availed loans of over `1 Crore from a Bank or holds deposits of `30 Lakhs or earns a salary of `72 Lakhs and more a month can become an "SBI Exclusif" customer. It is a Premium elite service completely reserved for wealth management. A separate relationship manager is assigned to you who advises and invests your money for best returns.

Explanations:

In 2016, any individual who has availed loans of over `1 Crore from a Bank or holds deposits of `30 Lakhs or earns a salary of `72 Lakhs and more a month can become an "SBI Exclusif" customer. It is a Premium elite service completely reserved for wealth management. A separate relationship manager is assigned to you who advises and invests your money for best returns.