Question
In how many layers the Non-Banking Financial Company
(NBFC) is classified?Solution
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. NBFCs will be classified into four categories – base, middle, upper and top layers. The regulatory structure for NBFCs comprises four layers based on their size, activity, and perceived riskiness. The Reserve Bank of India (RBI) has aligned provisioning norms for standard assets of large non-banking financial companies with that for commercial banks.
Select the most appropriate word for the given group of words.
a short, pithy statement expressing a general truth or rule of conduct.
Select the option that can substitute the highlighted segment in the given proverb correctly. If there is no need to substitute it, select ‘No substit...
Select the option that can be used as a one-word substitute for the given group of words/phrase.
A phrase or words written in memory of a person ...
In the following question , a sentence is given followed by five alternatives containing a single word. Among the five alternatives you have to find th...
Virtue flies from the heart of a soldier who fights for the sake of money .
She was by no means a person who wasted money , but somehow all the money disappeared anyway.
 Among the given alternatives, find the word which can be the best substitute for the given sentence.
Honor or fame given for some achievement
She is not showing enough care and attention to finish her tasks.
Give a single word that substitutes for the following expression:
A person who believes in fate
Choose an option, which can be substituted for a given word/sentence/phrase out of given options.
 A person who is afraid of water