BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____is a financial institution which mobilises savings from the people and invests then in a mix of corporate and government securities.
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Commercial Bank
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Mutual Fund
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Unit Bank
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Correspondent Bank
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Explanation:
Detailed explanation-1: -Mutual fund: Mutual funds are financial intermediaries which mobilise savings from the people and invest them in a mix of corporate and government securities. The mutual fund operators actively manage this portfolio of securities and earn income through dividend, interest and capital gains.
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