Which of the following is an objective of managing portfolios for banks?

Producing income is a primary objective of managing portfolios for banks. Banks engage in portfolio management to optimize their asset allocations, selecting investments that will generate income through interest, dividends, or capital appreciation. The ability to produce a consistent stream of income is essential for banks to support their operations, pay interest on deposits, and maintain profitability. This focus on income generation ensures that banks can meet their obligations and provide a return to their stakeholders.

While managing overall operational risk, enhancing corporate governance, and investing in international markets are also important activities in the context of banking, they are not the primary objective of portfolio management. Operational risk management is concerned more with mitigating risks associated with business processes rather than directly generating income. Corporate governance relates to how banks are directed and controlled, which is more about the framework for making decisions rather than specific portfolio management goals. Investing in international markets can be part of a bank's strategy, but it does not directly relate to the main goal of income generation from the bank's portfolio.