WorksheetsFIS - NBFC
Total questions: 15
Worksheet time: 8mins
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
Which of the following NBFC regulated by RBI ?
Asset Finance company
Insurance companies
Mutual funds
Housing finance company
Which of the following NBFC give loans to poor households without collateral securities ?
Chit funds
Nidhi companies
Micro Finance Institutions
Venture capital funds
Non-Banking Financial Company does not include_______
Agriculture Activity
Industrial Activity
Construction of Immovable Property
All of the Above
NBFC engaged in the business of _______
Loans and Advances
Acquisition of shares
Acquisitions of stocks
All of the above
Which of the following can not accept Demand Deposit
Commercial Banks
Foreign Banks
Regional Rural Banks
NBFC
