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.
In which domain did Dr. Ishwar Chandra Verma, a recipient of the Padma Shri award, make significant contributions?
What is the name of the strategic roadmap launched between India and the UK in 2025?
What proportion of AHFCs’ assets under management is in self-construction loans?
66 big-ticket infrastructure projects worth about Rs 5 lakh crore have been recommended for approval under the PM GatiShakti initiative so far this fisc...
Which insurance company has launched a debt fund that will enable customers to lock-in their investments at current high interest rates, build long-te...
According to the 2023 State of Food Security and Nutrition in the World (SOFI) report, what percentage of the global population was unable to afford a h...
Which of the following statements about the Kalki Dham temple and PM’s projects in Uttar Pradesh is/are incorrect?
1. The construction of Shri ...
Which country will be hosting the 12th World Hindi Conference in the year 2023?
How many Khelo India Centres (KICs) were launched in Haryana by the Chief Minister, Manohar Lal Khattar?
Recently North India’s First Biotech Park has been inaugurated at which of the following places?