Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
- A Non-Banking Financial Company (NBFC) is a company registered under _________
A. RBI Act 1932
B. Companies Act, 1956
C. Banking Regulation Act, 1949
D. All of these
E. None of theseB. Companies Act, 1956
Explanation:
A Non-Banking Financial Company (NBFC) is a company registered under Companies Act, 1956 - Non-Banking Financial Company (NBFC) engaged in the business of ________
A. loans and advances
B. acquisition of shares
C. acquisition of stocks
D. acquisition of bonds
E. All of theseE. All of these
Explanation:
NBFC engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business - Non-Banking Financial Company (NBFC) does not include ______
A. agriculture activity
B. industrial activity
C. construction of immovable property
D. All of these
E. None of theseD. All of these
Explanation:
NBFC does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. - Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation(DICGC) is not available to depositors of ________
A. Commercial Banks
B. Foreign Banks
C. Local Area Banks
D. Regional Rural Banks
E. NBFCE. NBFC
Explanation:
Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation(DICGC) is not available to depositors of NBFC. - Which of the following can not accept Demand Deposit?
A. Commercial Banks
B. Foreign Banks
C. Local Area Banks
D. Regional Rural Banks
E. NBFCE. NBFC
Explanation:
NBFC cannot accept demand deposits. - Which of the following do not form part of the payment and settlement system?
A. Commercial Banks
B. Foreign Banks
C. Local Area Banks
D. NBFC
E. Regional Rural BanksD. NBFC
Explanation:
NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself. - NBFC should be a company registered under ______ of the companies Act, 1956.
A. Section 5
B. Section 4
C. Section 3
D. Section 2
E. None of these
C. Section 3
Explanation:
NBFC should be a company registered under Section 3 of the companies Act, 1956 - NBFCs should have a minimum net owned fund of _____
A. Rs. 100 lakh
B. Rs. 200 lakh
C. Rs. 150 lakh
D. Rs. 50 lakh
E. All of theseB. Rs. 200 lakh
Explanation:
NBFCs should have a minimum net owned fund of Rs.200 lakh. - NBFCs whose asset size is of ______ or more as per last audited balance sheet are considered as systemically important NBFCs.
A. Rs. 100 crore
B. Rs. 200 crore
C. Rs. 500 crore
D. Rs. 50 crore
E. All of theseC. Rs. 500 crore
Explanation:
NBFCs whose asset size is of Rs. 500 crore or more as per last audited balance sheet are considered as systemically important NBFCs. - NBFCs which deploys at least 75 per cent of its total assets in infrastructure loans is known as _______
A. Loan Company
B. Investment Company
C. Infrastructure Finance Company (IFC)
D. Systemically Important Core Investment Company (CIC-ND-SI)
E. None of theseC. Infrastructure Finance Company (IFC)
Explanation:
NBFCs which deploys at least 75 per cent of its total assets in infrastructure loans is known as Infrastructure Finance Company (IFC)
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