What term is used to describe a financial institution that mobilizes funds from the public and provides loans to individuals and businesses, including housing loans? A. Non-Banking Financial Company (NBFC) B. Mutual Funds C. Stock Exchange D. Credit Rating Agency
Question
What term is used to describe a financial institution that mobilizes funds from the public and provides loans to individuals and businesses, including housing loans? A. Non-Banking Financial Company (NBFC) B. Mutual Funds C. Stock Exchange D. Credit Rating Agency
Solution
The term used to describe a financial institution that mobilizes funds from the public and provides loans to individuals and businesses, including housing loans, is A. Non-Banking Financial Company (NBFC).
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