BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A pension fund
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A newspaper publisher
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A commercial bank
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An insurance company
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Detailed explanation-1: -from the given options only Pension Fund is not a financial institution. a newspaper publisher is a financial institution because it is drawn to earn some amount of profit. A commercial bank is a financial institution that lends money to the public and also borrows from them in the name of savings.
Detailed explanation-2: -Detailed Solution. The correct answer is BCCI. BCCI is not a financial institution.
Detailed explanation-3: -Central banks, commercial banks, investment entities, credit unions, thrift institutions, insurance companies, etc., are some of the widely available financial institution types. They also offer consultation services to consumers who seek advice on the pros and cons of making a particular investment.
Detailed explanation-4: -Non-banking financial institutions include insurance companies, investment banks, and mutual funds such as the SBI Mutual Fund. Q. Which of the following is a non-banking financial institution?