Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Which of the following option is a commercial bank?

Options:

SBI

UTI

LIC 

All of the above

Correct Answer:

SBI

Explanation:

SBI stands for State bank of India, which is a commercial bank. UTI stands for union trust of India, which is a mutual fund company. LIC stands for life insurance company, which sells insurance policies to people.