GK
INSURANCE AWARENESS
Question
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What is the expanded form of the term ALM used in banking sector?
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Asset Liability Manipulation
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Asset Liability Maintenance
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Asset Liability Management
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Asset Liability Maximisation
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Explanation:
Detailed explanation-1: -Asset and liability management (ALM) is a practice used by financial institutions to mitigate financial risks resulting from a mismatch of assets and liabilities. By strategically matching of assets and liabilities, financial institutions can achieve greater efficiency and profitability while also reducing risk.
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