Banking Awareness - Banking Acts, Reforms & Risk Management
In banking, the term ‘consolidation’ most appropriately refers to:
In banking, the term ‘consolidation’ most appropriately refers to:
easy Q11 of 15
Step-by-Step Solution
Step 1: Recall the meaning of consolidation
Consolidation combines multiple banks into fewer, larger entities.Step 2: Match with the correct description
This process reduces the total number of banks through mergers.Final Answer:
Reduction in the number of banks through mergers → Option AQuick Check:
Consolidation = fewer but stronger banks ✅
Quick Trick: If number of banks goes down, it is consolidation.
Common Mistakes:
MISTAKES- Thinking consolidation means only branch expansion.
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