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FIS - NBFC

Authored by Prof.Dhanapal C

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University

Used 10+ times

FIS - NBFC
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Non-Banking Financial Company (NBFC) is a company registered under the _______

A) RBI Act 1934

B) Companies Act, 1956

C) NBFC Act 1956

D) Government Securities Regulations, 1913

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following activity is not permissible for NBFC?

A) loans and advances

B) acquisition of shares

C) insurance business

D) construction of immovable property

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is false about NBFC?

A) NBFC cannot accept demand deposits

B) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself

C) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs

D) NBFC cannot undertake insurance business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum Net Owned Funds required by NBFCs for registration with RBI?

A) Rs 5 lakhs

B) Rs 25 lakhs

C) Rs 50 lakhs

D) Rs 2 crore

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

NBFCs with asset size more than ___ are considered to be systemically important NBFCs

A) Rs 500 crore

B) Rs 100 crore

C) Rs 200 crore

D) Rs 350 crore

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which agency regulates and supervises NBFCs?

a. Finance Ministry

b. SEBI

c. RBI

d. Respective state government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is/are correct?


1. NBFCs does not hold a banking license.

2. NBFC can issue Demand Drafts like banks.

a. Only 1

b. Only 2

c. Both

d. None

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