BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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.

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