Question
Which of the following is one of the major differences
between an NBFC & a Bank?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.
What term applies to conditions that must be met before the insurer’s obligations arise?Â
As per the insurance act, early Death Claims can arise out of death during the first __________ policy years.
Which of the following insurance is coverage for damage to a vessel or aircraft and affixed items?
A 'Roadside Assistance' cover in a motor insurance policy provides:
The free-look period is of how many days ?
If the same company's stock price fell to $2 per share while its EPS fell to $0.25, the P/E would fall to ____.
Which insurance policy covers the construction phase of a building project?
The insurance in which risks are shared between multiple insurers is known as?
Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the life coverage available until the age of ______.
If an organization wishes to venture into Insurance Business it has to obtain a licence firstfrom which of the following ?
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