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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


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 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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