UPSC Exam  >  UPSC Questions  >  Consider the following statements regarding N... Start Learning for Free
Consider the following statements regarding Non-Banking Financial Companies (NBFCs).
1.  All the NBFCs are regulated by RBI.
2.  The designation of 'Systematically Important' is applicable for Banks and not for NBFCs.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Non-Banking Financial Comp...
Does the Reserve Bank regulate all financial companies?
No. Housing Finance Companies, Merchant Banking Companies, Stock Exchanges, Companies engaged in the business of stock-broking/sub-broking, Venture Capital Fund Companies, Nidhi Companies, Insurance companies and Chit Fund Companies are NBFCs but they have been exempted from the requirement of registration under Section 45-IA of the RBI Act, 1934 subject to certain condition.
What are systemically important NBFCs?
NBFCs whose asset size is of 500 cr or more as per last audited balance sheet are considered as systemically important NBFCs. The rationale for such classification is that the activities of such NBFCs will have a bearing on the financial stability of the overall economy.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding Non-Banking Financial Companies (NBFCs).1.All the NBFCs are regulated by RBI.2.The designation of Systematically Important is applicable for Banks and not for NBFCs.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev