Which one of the following is an example for Non-Banking Financial institution?
Options:
A . SBI
B . RBI
C . IOB
D . LIC
Answer: Option D Answer: (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 of a NonBanking Financial institution.
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