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    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.

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