Question
Which of the following is one of the major differences
between an NBFC & a Bank?Solution
Solution- A government authorised financial intermediary that aims at providing banking services to the general public is called the bank. An NBFC is a company that provides banking services to people without holding a bank license. An NBFC is incorporated under the Indian Companies Act, 1956 whereas a bank is registered under Banking Regulation Act, 1949. NBFC is not allowed to accept such deposits which are repayable on demand. Unlike banks, which accepts demand deposits. Banks are an integral part of payment and settlement cycle while NBFC, is not a part of the system.
Which of the following situation occurs when one party in a negotiation has relevant information the other party lacks.
A written form attached to an insurance policy that alters the policy’s coverage, terms, or conditions is termed as?
Name the first General Insurance Company in India?
Which of the following plans is NOT offered by Postal Life Insurance?
A property or liability insurance contract in which all risks of loss are covered is called?
What is the ceiling of annual premium in a Micro Variable Insurance Product?
______ defeated England of the following nations in the finals of ICC U-19 Women’s T20 World Cup?
What is the difference between a "condition" and a "warranty" in an insurance policy?
Insurance Repository is a company formed and registered under which act?
Which of the following principles of Insurance denotes insurance of same subject matter with two different companies or with the same company under two ...
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