IFS Module 2 puzzle
Across
- 3. – Financial institutions that collect deposits from the public and lend money are known as banking institutions.
- 5. – This financial institution was the first Indian bank to list on the New York Stock Exchange.
- 6. – The government entity that manages monetary policy and regulates financial institutions in India.
- 8. – The full form of SFC is State Financial Corporation.
- 9. – An agreement where banks lend money to each other, often overnight.
- 10. – Type of institution that includes insurance companies and mutual funds, which do not accept public deposits.
- 12. – Financial institutions help in capital formation by mobilizing savings and directing them to productive uses.
- 13. – State Financial Corporations provide loans mainly for acquiring fixed assets like land and machinery.
- 14. – The name of India’s largest container port, funded by the IFCI.
- 15. – The largest life insurance company in India, established in 1956 through an Act of Parliament.
- 17. – This financial institution was set up in 1948 to provide medium and long-term finance to industries.
Down
- 1. – A market where short-term financial instruments like T-Bills and CDs are traded.
- 2. – Established in 1964, this institution helps pool small savings from the lower and middle-income persons.
- 4. – The organization set up in 1995 to support small-scale industries in India.
- 5. – The EXIM Bank was founded to promote international trade.
- 7. – Financial institutions help regulate the monetary supply to maintain economic stability.
- 11. – A statutory public sector investment institution formed to encourage small savings and direct them into corporate investments.
- 16. – Established in 1955 as a joint venture by the Government of India, World Bank, and Indian business representatives.