Consider the following statements about Maslow's theory of motivation as applied to banking customers: 1. Safety needs in banking are met by offering deposit insurance and secure transactions. 2. Self-actualization needs are fulfilled through prestige banking and wealth advisory services. 3. Physiological needs in financial services include basic transactional access like a savings account. 4. Esteem needs are met by quick loan disbursal and general complaint resolution. Which of the statements given above are correct?

In the Product Life Cycle (PLC), the stage where the highest level of profitability per unit is generally achieved is the __________ stage.

Which of the following statements about the Product Development Process in commercial banks are true? 1. The ideation phase primarily focuses on identifying customer pain points and emerging opportunities in the financial market. 2. The concept testing phase involves regulatory approval before prototype development. 3. The commercialization phase includes pricing, marketing, and branch rollout strategies. 4. Regulatory compliance assessment is carried out only after the product launch.