Question : 'BFSI' stands for Banking, Financial Services and_______in India. It is a broad term for industries that offer financial products and services.
Option 1: Inflation
Option 2: Investment
Option 3: Insurance
Option 4: Index Fund
Correct Answer: Insurance
Solution : The correct option is Insurance.
Banking, financial services, and insurance (BFSI) play a vital role in the economy by offering services such as banking, investment, insurance, and other financial intermediation. The BFSI sector encompasses a wide range of activities and institutions, including commercial banks, investment banks, insurance companies, mutual funds, stock exchanges, and more.
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