What is the name given to a small service facility that is staffed by a parent bank personnel and designed to assist the clients of the parent bank in their dealings with information about local business practices and credit evaluation of the mnc's foreign customers?

A representative Office

Explanation: A representative office is usually set by a parent office (bank) in a location where it does not necessarily warranted but done to service one or a few customers.

A bank will set up a representative office even if it has one Multi national company as a customer in the location.

They generally conduct non-transactional operations, assist the clients with information about the service package available to the client use.

engine assembler, survey reasearcher, auditor

reducing the scale of the market for a new product.