.....is a financial institution which mobilises savings from the people and invests then in a mix of corporate and government securities.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____is a financial institution which mobilises savings from the people and invests then in a mix of corporate and government securities.

A	Commercial Bank
B	Mutual Fund
C	Unit Bank
D	Correspondent Bank

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.

There is 1 question to complete.