Question : What is the minimum net owned fund (in Rs. lakhs) required for becoming a Non-Banking Financial Company (NBFC)?
Option 1: 200
Option 2: 400
Option 3: 600
Option 4: 650
Correct Answer: 200
Solution : The correct answer is 200.
The minimum capital requirement for NBFCs is decided at Rs. 200 lakhs by the RBI. The RBI is the central banking institution and it supervises the operations of the financial sectors, which include banking and non-banking financial institutions.
Application | Eligibility | Selection Process | Result | Cutoff | Admit Card | Preparation Tips
Question : The difference between CI and SI for 2 years at a 10% rate of interest is Rs. 4. Find the sum of money:
Option 1: Rs. 400
Option 2: Rs. 200
Option 3: Rs. 300
Option 4: Rs. 800
Question : The monthly income of two persons is in the ratio 4 : 5 and their expenditures are in the ratio 7 : 9. If each saves Rs. 50 per month, then their monthly incomes are:
Option 1: Rs. 900; Rs. 500
Option 2: Rs. 400; Rs. 500
Option 3: Rs. 700; Rs. 900
Option 4: Rs. 400; Rs. 700
Question : An article, which is marked Rs. 650, is sold for Rs. 572. The discount given is:
Option 1: 12%
Option 2: 13%
Option 3: 21%
Option 4: 26%
Question : After successive discounts of 10% and 5%, an article was sold for Rs.342. What was the original price of the article?
Option 2: Rs. 342
Option 4: Rs. 442
Question : The emoluments and allowances of the President and other expenditures relating to his office are charged on the ____________of India.
Option 1: contingency fund
Option 2: estimates fund
Option 3: consolidated fund
Option 4: public accounts fund
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile