Question : Which of the following is not a non-bank financial institution?
Option 1: Mutual funds
Option 2: Insurance companies
Option 3: Commercial banks
Option 4: Pension funds
Answer (1)
20th Jan, 2024
Correct Answer: Commercial banks
Solution : The correct answer is (c). Commercial banks.
Commercial banks are not considered non-bank financial institutions. They are traditional banks that offer various financial services such as deposit accounts, loans, and credit cards. Non-bank financial institutions refer to entities that provide financial services similar to banks but do not have a full banking license. Examples of non-bank financial institutions include mutual funds, insurance companies, and pension funds.
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