Question
Which authority is responsible for framing guidelines
and supervising the operations of Microfinance Institutions (MFIs) and NBFC-MFIs in India?Solution
In India, Microfinance Institutions (MFIs) play a crucial role in extending small-ticket loans to low-income households and entrepreneurs who generally lack access to traditional banking services. • The Reserve Bank of India (RBI) is the primary regulator of MFIs and NBFC-MFIs. • RBI issues prudential norms, lending guidelines, and fair practices codes to ensure that MFIs operate transparently and that borrowers are protected from over-indebtedness. • Institutions such as NABARD and SIDBI play a supportive role in refinancing and promoting microfinance but do not regulate them.  Correct Answer: Reserve Bank of India (RBI)
According to Section 8(1), if no sum is expressed to which a fine may extend, what is the limitation on the amount of fine?Â
Contract for sale is_____.
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Which of the following is not true about Transfer of property defined as per s. 5 of the Transfer of Property act:
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The articles of a company may confer on its Board of Directors the power to appoint any person, other than a person who fails to get appointed as a dire...
As per Section 9(4), subject to sub-section (3), if the Central Vigilance Commissioner and other Vigilance Commissioners differ in opinion on any matter...
Section 221 provides that for offences under Section 67 BNSS where the parties are married—
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