Question : 'BFSI' stands for Banking, Financial Services and_______in India. It is a broad term for industries that offer financial products and services.
Option 1: Inflation
Option 2: Investment
Option 3: Insurance
Option 4: Index Fund
Correct Answer: Insurance
Solution : The correct option is Insurance.
Banking, financial services, and insurance (BFSI) play a vital role in the economy by offering services such as banking, investment, insurance, and other financial intermediation. The BFSI sector encompasses a wide range of activities and institutions, including commercial banks, investment banks, insurance companies, mutual funds, stock exchanges, and more.
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Question : SIDBI stands for :
Option 1: small industrial designed Bank of India
Option 2: Small industries development Bank of India
Option 3: Small innovations development banker's institute
Option 4: small industries development Banker institute
Question : The 'License-Permit-Quota' system in India was aimed at:
Option 1: Promoting ease of doing business
Option 2: Regulating foreign investment
Option 3: Controlling inflation
Option 4: Managing industrial growth
Question : A city primarily known for its financial services and banking sector would be classified as a:
Option 1: Industrial city
Option 2: Financial hub
Option 3: University town
Option 4: Tourist destination
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