BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Life-insurance companies
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Pension funds
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Savings and loan institutions
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All of the above
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Detailed explanation-1: -The institutions that are commonly referred to as financial intermediaries include commercial banks, investment banks, mutual funds, and pension funds.
Detailed explanation-2: -Banks. Undoubtedly, banks are the most popular financial intermediaries in the world. They come in multiple specialties that include saving, investing, lending, and many other sub-categories to fit specific criteria.
Detailed explanation-3: -The most important types of financial intermediaries include: mutual funds, pension funds, life insurance companies and banks.
Detailed explanation-4: -Commercial banks are of three types i.e., Public sector banks, Private sector banks and Foreign banks.
Detailed explanation-5: -SBI is the largest commercial bank of India.