Question : Which of the following is a function of a non-banking financial company (NBFC)?
Option 1: Issuing currency notes
Option 2: Accepting deposits from the public
Option 3: Managing the foreign exchange reserves of India
Option 4: None of the above
Correct Answer: Accepting deposits from the public
Solution : The correct answer is (b). Accepting deposits from the public
NBFCs are authorized to accept deposits from the public, although the nature and terms of these deposits may vary depending on the regulations governing the specific NBFC. They are subject to certain regulatory guidelines and restrictions set by the Reserve Bank of India (RBI) regarding deposit-taking activities.
Question : Which of the following is a feature of a non-banking financial company (NBFC)?
Option 1: Accepting deposits from the public
Option 2: Regulated by the Reserve Bank of India (RBI)
Option 3: Providing credit facilities
Question : Which of the following is not a function of the Reserve Bank of India (RBI)?
Option 2: Regulating the banking system
Option 3: Regulating the securities market
Option 4: Managing the foreign exchange reserves of India
Question : Which of the following is not a function of the RBI?
Option 1: Regulating the banking system
Option 2: Conducting monetary policy
Option 3: Issuing currency notes
Option 4: Regulating the stock market
Option 3: Conducting monetary policy
Question : Which of the following institutions is responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Securities and Exchange Board of India (SEBI)
Option 3: National Stock Exchange of India (NSE)
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