FIS - NBFC

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

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

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

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

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

Which agency regulates and supervises NBFCs?

• a. Finance Ministry

• b. SEBI

• c. RBI

• d. Respective state government

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

Which of the following registered under the Companies Act, 1956 engaged in the business of loans and advances ?

• Commercial banks

• Foreign banks

• Regional rural banks

• Non-Banking Financial Company

Which of the follwing is false ?

• NBFCs can't accept demand deposits and can't issue cheques drawn themselves.

• NBFCs donot form part of payment and settlement system such as NEFT and RTGS.

• Deposit insurance facility is avaliable for NBFC

• NBFC mainly deals with loans and advances

Which is a distinctive attempt to address the issue of sourcing long term debt for infrastructure projects in India ?

• Infrastrucuture Debt Funds

• Infrastructure finance company

• Asset finance company

• Micro finance institutions