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.
As per the definition of Transfer of Capital Asset transfer means
Which chamber is known as the upper house of the Indian Parliament?
Anti-defection law was passed in which Constitutional Amendment Act?
Article __ of the Indian Constitution ensures Abolition of Untouchability.
Which article of the Indian Constitution mandates the state to improve public health and raise the level of nutrition as a primary duty?
Which of the following States has/have bicameral legislature?
1. Andhra Pradesh
2. Telangana
3. Bihar
4. Uttar Pradesh
<...The 1920 session of the Indian National Congress was held in which city?
If India decides to cede its territory to any of its neighbours, which of the following would be used by the Parliament?
1. Article 2
2. A...
Which Indian Five-Year Plan was associated with the slogan 'Garibi Hatao'?
Which state government has launched the SahakarKisanKalyanYojana to boost farm productivity and increase farmers’ income?
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