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      Question

      As per the Scale-Based Regulation (SBR) framework,

      NBFC-IFC, is classified under:
      A Base Layer only Correct Answer Incorrect Answer
      B Base Layer or Lower Layer Correct Answer Incorrect Answer
      C Middle Layer or Upper Layer Correct Answer Incorrect Answer
      D Upper Layer only Correct Answer Incorrect Answer
      E Base Layer or Upper Layer Correct Answer Incorrect Answer

      Solution

      NBFC-D, CIC, NBFC-IFC and HFC will be included in Middle Layer or the Upper Layer (and not in the Base layer), as the case may be. SPD and IDF-NBFC will always remain in the Middle Layer.

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