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Questions and Answers
Why are pension funds included in financial institutions?
Why are pension funds included in financial institutions?
- To regulate stock market activities
- To facilitate international trade transactions
- To offer short-term loans to individuals
- To provide retirement benefits to employees (correct)
What is the primary purpose of including insurance companies in the financial sector?
What is the primary purpose of including insurance companies in the financial sector?
- To offer consumer loans for purchasing goods
- To provide risk management through insurance policies (correct)
- To issue government bonds for infrastructure development
- To regulate foreign exchange markets
Why do banks fall under the category of financial institutions?
Why do banks fall under the category of financial institutions?
- To promote cultural and artistic activities
- To supervise environmental conservation projects
- To manage public transportation systems
- To accept deposits and provide loans to individuals and businesses (correct)
