O-LevelCommerceBankingOct/Nov 2021Paper 1 Q331 Mark

A global bank plans to invest $1 billion in mobile and digital banking services. What is the most likely reason for such an investment?

Q: What topic does this question test?

This question tests Banking in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

ACustomers will be able to access all the services offered by the bank.

BCustomers will save money on visits to bank branches.

CThe bank can stay in touch with customers with SMS alerts.

DThe bank wants to reduce its operating costs and make more profit.

✓ Correct Answer

The correct answer is D: The bank wants to reduce its operating costs and make more profit.

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Commerce Question

Topic

This multiple-choice question tests Banking in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce Oct/Nov 2021 examination, Paper 1 Variant 1.

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