πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      NBFCs in India are companies that are registered under

      which of the following Act?
      A Companies Act 2013 Correct Answer Incorrect Answer
      B RBI Act 1934 Correct Answer Incorrect Answer
      C SEBI Act 2002 Correct Answer Incorrect Answer
      D Government of India Act 1935 Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 or Companies Act, 2013. They are mainly engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government.

      Practice Next
      ask-question