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Indian economy miscellaneous

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Indian economy miscellaneous
  1. Which one of the following is an example for Non-Banking Financial institution ?.
    1. RBI
    2. SBI
    3. IOB
    4. LIC
Correct Option: D

A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. LIC is an example for NonBanking Financial intitution.


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