BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following banks has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC?
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Kotak Mahindra Bank
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Axis Bank
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ICICI Bank
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Karnataka Bank
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Explanation:
Detailed explanation-1: -Karnataka Bank has entered into a Memorandum of Understanding with Bharti AXA Life Insurance Company to distribute the latter’s life insurance products.
Detailed explanation-2: -Indian Bank has signed an MoU with the Ministry of Housing and Urban Affairs and with Small Industries Development Bank of India (SIDBI).
Detailed explanation-3: -LIC of India is an example of public corporation.
Detailed explanation-4: -Swadeshi Life (later Bombay Life) Sahyadri Insurance (Merged into LIC, 1986)
Detailed explanation-5: -With a vision of providing easy access to its policyholders, LIC has launched its SATELLITE SAMPARK offices.
There is 1 question to complete.