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
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.
Question : Which of the following is not a type of insurance offered by banks?
Option 1: Life insurance
Option 2: Health insurance
Option 3: Car insurance
Option 4: Agriculture insurance
Question : The bank rate is the rate at which:
Option 1: RBI borrows from commercial banks
Option 2: RBI lends to commercial banks
Option 3: Commercial banks lend to customers
Option 4: Commercial banks borrow from RBI
Question : Which of the following is not a major participant in the foreign exchange market?
Option 1: Commercial banks
Option 2: Central banks
Option 3: Hedge funds
Option 4: Retail investors
Question : Commercial papers are short-term debt instruments issued by:
Option 1: Banks
Option 3: Corporations
Option 4: Mutual funds
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