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Question
Which of the following is not a non-banking financial institution?
Which of the following is not a non-banking financial institution?
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Solution
The correct option is A Commercial banks
Financial institutions perform financial transactions to circulate money in the economy. They are of two types: banking and non-banking financial institutions. Banking institutions include commercial banks such as the State Bank of India (SBI).
Banking institutions tend to accept deposits and provide loans. Non-banking financial institutions include insurance companies, investment banks, and mutual funds such as the SBI Mutual Fund.
Financial institutions perform financial transactions to circulate money in the economy. They are of two types: banking and non-banking financial institutions. Banking institutions include commercial banks such as the State Bank of India (SBI).
Banking institutions tend to accept deposits and provide loans. Non-banking financial institutions include insurance companies, investment banks, and mutual funds such as the SBI Mutual Fund.
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