Important Points for IC 26 - Life Insurance Finance Exam
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Investment schemes offered by mutual funds include: equity schemes, debt schemes, balanced schemes, gilt schemes, money market schemes etc.
Banks play a major role in channeling savings from the general public (who have surplus investible funds) to the Government / companies who need funds for developmental projects.
The Reserve Bank of India (RBI) is the banking regulator and has the responsibility to ensure smooth functioning of the banking sector.
The banking system in India includes: national banks, private banks, foreign banks, co-operative banks, regional rural banks etc.
The Planning Commission has been assigned the job of preparing five year plans.
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