ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -All of the following are examples of financial intermediaries EXCEPT a credit union. A finance company a stock certificate. A life insurance company.

Detailed explanation-2: -What are the examples of financial intermediaries? Some of the examples are commercial banks, stock exchanges, mutual fund companies, insurance companies, credit unions, non-banking finance companies (NBFCs), pension funds, building societies, financial advisors, investment bankers, escrow companies.

Detailed explanation-3: -The institutions that are commonly referred to as financial intermediaries include commercial banks, investment banks, mutual funds, and pension funds.

Detailed explanation-4: -For example, a stock exchange, as a financial intermediary, acts as the strongest link between a retail investor and a company raising finance from the public.

Detailed explanation-5: -Answer and Explanation: The stock market, bond market, and banks are all financial intermediaries but the government is not. The government is not a financial intermediary but it has become involved in financial intermediation.