A bank which accepts deposits from the public but does not perform the function of lending is the

Unit Trust of India

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Life Insurance Corporation of India

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Post-office Savings Bank

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Industrial Development bank of India

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Solution

The correct option is C
Post-office Savings Bank

The Post-office Savings bank accepts deposits from the public but does not perform the function of lending as it is not a bank.

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Similar questions

Consider the following:

A.Industrial Finance Corporation of India

B. Industrial Credit and Investment Corporation of India

C. Industrial Development Bank of India

D. Unit Trust of India

The correct sequence in which the above were established is

State Industrial Development Corporation and Unit Trust of India are examples of ____________.

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