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Consider the following statements with respect to NBFC
  1. NBFCs do not include any institution whose principal business is that of agriculture activity or industrial activity.
  2. RBI issues licenses of NBFCs and also regulate them
  3. NBFCs do form a part of the payment and settlement system but can not issue cheques
  4. NBFCs are run and regulated under Companies Act,1956
Which of the following statement/s is/are correct
  • a)
    Only 1 and 3
  • b)
    Only 1 and 4
  • c)
    Only 1, 2 and 4
  • d)
    All of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with respect to NBFC NBFCs do not in...
  • Statement 1 is correct: NBFCs do not include any institution whose principal business is that of agriculture activity, industrial activity, purchase, sale of any goods or providing any services and sale/purchase/construction of immovable property.
  • Statement 2 is not correct: NBFCs get licenses by RBI but they do not regulate them. NBFCs get regulated by different agencies based on the role the individual NBFC play. Example: Housing Finance institution regulated by national Housing Bank
  • Statement 3 is not correct: NBFCs do NOT form a part of the payment and settlement system and but cannot issue cheques
  • Statement 4 is correct: NBFCs are run and regulated under Companies Act,1956
    • In news because RBI has proposed a shift in its regulatory approach towards India’s non- banking financial companies. (NBFCs)
    • Proposed regulations are 1. Creation of 4 layer regulatory framework 2. classification of Non-Performing Assets (NPAs) of base layer NBFCs from 180 days to 90 days overdue.
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Consider the following statements with respect to NBFC NBFCs do not include any institution whose principal business is that of agriculture activity or industrial activity. RBI issues licenses of NBFCs and also regulate them NBFCs do form a part of the payment and settlement system but can not issue cheques NBFCs are run and regulated under Companies Act,1956Which of the following statement/s is/are correcta)Only 1 and 3b)Only 1 and 4c)Only 1, 2 and 4d)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements with respect to NBFC NBFCs do not include any institution whose principal business is that of agriculture activity or industrial activity. RBI issues licenses of NBFCs and also regulate them NBFCs do form a part of the payment and settlement system but can not issue cheques NBFCs are run and regulated under Companies Act,1956Which of the following statement/s is/are correcta)Only 1 and 3b)Only 1 and 4c)Only 1, 2 and 4d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to NBFC NBFCs do not include any institution whose principal business is that of agriculture activity or industrial activity. RBI issues licenses of NBFCs and also regulate them NBFCs do form a part of the payment and settlement system but can not issue cheques NBFCs are run and regulated under Companies Act,1956Which of the following statement/s is/are correcta)Only 1 and 3b)Only 1 and 4c)Only 1, 2 and 4d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to NBFC NBFCs do not include any institution whose principal business is that of agriculture activity or industrial activity. RBI issues licenses of NBFCs and also regulate them NBFCs do form a part of the payment and settlement system but can not issue cheques NBFCs are run and regulated under Companies Act,1956Which of the following statement/s is/are correcta)Only 1 and 3b)Only 1 and 4c)Only 1, 2 and 4d)All of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements with respect to NBFC NBFCs do not include any institution whose principal business is that of agriculture activity or industrial activity. RBI issues licenses of NBFCs and also regulate them NBFCs do form a part of the payment and settlement system but can not issue cheques NBFCs are run and regulated under Companies Act,1956Which of the following statement/s is/are correcta)Only 1 and 3b)Only 1 and 4c)Only 1, 2 and 4d)All of the aboveCorrect answer is option 'B'. 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.
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