SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    Which among the following is considered to be a part of Shadow Banking in India?

    A)  Business Correspondents

    B)  Bancassurance Providers

    C)  Non- Banking Financial Companies

    D)  Private Banks Non-Banking Financial Companies

    Correct Answer: C

    Solution :

    [c] Shadow banking refers to all the non-bank financial intermediaries that provide services similar to those of traditional commercial banks. The term 'shadow bank' was coined by Paul Mc Culley in 2007, with specific reference to American non-bank financial institutions that used short-term deposits to finance long-term loans.

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