'BFSI' stands for Banking, Financial Services and _____________ in India. It is a broad term for industries that offer financial products and services.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Insurance.
'BFSI' stands for Banking, Financial Services, and Insurance in India. It is a comprehensive term that encompasses industries involved in providing financial products and services, including banking, asset management, insurance, mutual funds, and other related financial services. The BFSI sector plays a crucial role in the economy, offering a wide range of services like loans, deposits, investments, insurance policies, and wealth management, contributing to economic growth and stability.