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.
- ‘A’ and ‘B’ play a game involving tossing a coin 4 times. ‘A’ wins if exactly two heads appear. Otherwise, ‘B’ wins. Find the probability t...
If 2 pens are drawn at random what is the probability that none of them is blue?
A box contains 12 yellow marbles, ‘x’ blue marbles and 12 white marbles. A box contains 5 yellow marbles, 2 blue marbles and 3 white marbles. The ...
In a box, the ratio of green balls to yellow balls is 3:5. If 9 balls of each colour are added, the new ratio becomes 6:9.
Find the number of yel...
In a purple box there are 2 white, 8 black, and 5 yellow markers while in an orange box there are 4 white, 6 black, and 7 yellow markers. One marker is ...
35 defective headphones got packed with 105 non-defective headphones. A customer randomly chooses one headphone. Find the probability that it is defective.
A box contains 13 black and 13 white balls. The probability of drawing two balls of the same colour is?
A bag contains 8 blue balls, 7 green balls and 5 yellow balls. Three balls are drawn at random. Find the probability that at least two balls are green.
Three persons. A, B and C. are given the same puzzle to solve. The probability that A, B and C will solve the puzzle is. 3/5., 2/3., and 1/4respectively...
In a lottery, there are 4 prizes and 20 blanks. A lottery is drawn at random. What is the probability of getting a prize?
