Name the China Based Bank, which launched the countrys first India-dedicated publicly offered investment fund, saying the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth.

BANKING GENERAL KNOWLEDGE

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

Name the China Based Bank, which launched the country’s first India-dedicated publicly offered investment fund, saying the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth.

A	Industrial and Commercial Bank of China
B	Huaxia Bank
C	China Construction Bank
D	Agricultural Bank of China

Explanation:

Detailed explanation-1: -Chinese state-run bank ICBC launches India-dedicated investment fund.

Detailed explanation-2: -A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities. Mutual funds give small or individual investors access to diversified, professionally managed portfolios.

Detailed explanation-3: -Mutual Funds as a Source of Investment Indians generally save up to 30% of our salaried Income which is very high. Mutual funds have been a good option for investing money of the salaried class. Diversification of mutual fund schemes has allowed more investors to come in and pool their assets.

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