Which of the following is not a financial institution? (A. Pension fund B. A newspaper publisher C. A commercial bank D. An insurance company)
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Answer:
a) pension Fund
Explanation:
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Pension Fund is not a financial institution.
- from the given options only Pension Fund is not a financial institution. a newspaper publisher is a financial institution because it is drawn to earn some amount of profit.
- A commercial bank is a financial institution that lends money to the public and also borrows from them in the name of savings.
- The insurance company is in a financial institution because financial transactions are happening when a person deposits in the insurance and expected return after the maturity.
The correct answer is(A) Pension Fund.
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