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 is the standard time frame for supplying information to an applicant under the RTI Act 2005?
Which of the following is the investment arm of World Bank?
Which of the following states is not one of the States covered under Purvodaya?
In RBI MPC August 2024, which rate was unchanged at 6.75%?
Pradhan Mantri Gram Sadak Yojana (PMGSY), the rural roads construction scheme, in the budget for the year 2022-23 was raised how much percent?
A momentous collaboration has been forged between the Ministry of Social Justice & Empowerment and the National Safai Karamcharis Finance and Developmen...
If the subscriber dies, what percentage of the pension is provided to the spouse as a family pension?
Which of the following is not one of the five PVTGs of Andaman & Nicobar Islands?
An Inter-Ministerial Empowered Committee (IMEC) is established at the national level to look after the Implementation of PM-FME Scheme. Who among the fo...
Statement 1: SVAMITVA scheme aims to provide rural property owners with property cards.
Statement 2: The property cards issued under SVAMITVA ...
