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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.
Which of the following scenarios best represents the ‘Paradox of Thrift’ as explained by Keynesian economics?
A prospectus used to raise capital from the public but which does not specify the price or quantity of the public issue is known as _________
A portfolio to the right of the market portfolio on the Capital Market Line is:
Under the Indian Trusts Act, 1882, when does the beneficiary's interest in the trust property vest?
For a non-financial firm, are depreciation expenses and interest expenses included or not included from operating expenses in the income statement?
Commission given on each unit of sales will fall under which of the following cost?
I n the Indian money market, _____ ( i ) is an instrument that provides short-term liquidity to the banking system, whereas _____ ( ii) are unsecured, s...
Consider the following statements and state which among the following are the correct statements for Nidhi companies?
A. Nidhi companies can borr...
Which of the following role is a manager performing where manager solves the problem, provide feedback, duly recognizes his employees, provides training...
What would be the amount of profits?