Q. Which of the following is not a type of depository institution?
(A) NABARD
(B) Loan Association
(C) Commercial Banks
(D) Credit Co-operative Societies
Answer: A
Those that accept deposits from customers are depository institutions include: commercial banks, savings banks, and credit unions; those that don’t -nondepository institutions include finance companies, insurance companies, and brokerage firms.
What are the 4 types of non-depository institutions?
These nondepository financial institutions include insurance companies, pension funds, brokerage firms, and finance companies. They serve both individuals and businesses.