Question
Which of the following statements is/are true with
respect to the Non-Banking Financial Companies ? I. A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 involved 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 II. NBFC cannot accept demand deposits. III. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is available to depositors of NBFCs.Solution
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 involved 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 businessNBFC cannot accept demand deposits.Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
What term applies to conditions that must be met before the insurer’s obligations arise?Â
As per the insurance act, early Death Claims can arise out of death during the first __________ policy years.
Which of the following insurance is coverage for damage to a vessel or aircraft and affixed items?
A 'Roadside Assistance' cover in a motor insurance policy provides:
The free-look period is of how many days ?
If the same company's stock price fell to $2 per share while its EPS fell to $0.25, the P/E would fall to ____.
Which insurance policy covers the construction phase of a building project?
The insurance in which risks are shared between multiple insurers is known as?
Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the life coverage available until the age of ______.
If an organization wishes to venture into Insurance Business it has to obtain a licence firstfrom which of the following ?
