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The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer?.

Solutions for The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The Reserve Bank of India (RBI) has suggested a tougher regulatory framework for the non-banking finance companies’ (NBFC) sector to prevent recurrence of any systemic risk to the country’s financial system.The banking regulator on Friday released a discussion paper on the revised regulatory framework which is formulated on a scale-based approach, and sought comments within a month. The regulatory and supervisory framework of NBFCs will be based on a [X] layered structure.If the framework is visualised as a pyramid, the bottom of the pyramid, where least regulatory intervention is warranted, can consist of NBFCs currently classified as non-systemically important NBFCs (NBFC-ND), NBFCP2P lending platforms, NBFCAA, NOFHC and Type I NBFCs.Q. Which of the following is false?a)NBFCs can't accept demand deposits and can't issue cheques drawn themselves.b)NBFCs do not form part of payment and settlement system such as NEFT and RTGS.c)Deposit insurance facility is available for NBFC.d)NBFC mainly deals with loans and advances.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CLAT tests.