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Commerce · Q421

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 421

Q421

Which one of the following statement is incorrect?

A.
The National Securities Depository Limited (NSDL) is the institute, which is built by IDBI
B.
Insurance is the collective bearing of risk
Answer
C.
LIC was founded in 1956
D.
The IFCI is the first universal bank in India

Answer: Option B

Solution

Answer: Option B
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