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TOTAL QUESTION: 15
TOTAL TIME= 10 MIN
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Your results are here!! for" Non-Banking Financial Companies (NBFCs) "
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Question 1 of 15
1. Question
What type of license do NBFCs generally operate without?
Correct
NBFCs provide financial services similar to banks but do not hold a banking license.
Incorrect
NBFCs provide financial services similar to banks but do not hold a banking license.
Unattempted
NBFCs provide financial services similar to banks but do not hold a banking license.
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Question 2 of 15
2. Question
Which type of deposits cannot NBFCs accept according to the provided material?
Correct
NBFCs cannot accept demand deposits such as savings and current accounts.
Incorrect
NBFCs cannot accept demand deposits such as savings and current accounts.
Unattempted
NBFCs cannot accept demand deposits such as savings and current accounts.
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Question 3 of 15
3. Question
Which institution is identified as the main regulator of NBFCs in India?
Correct
NBFCs are regulated by the Reserve Bank of India under the RBI Act, 1934 and other applicable laws.
Incorrect
NBFCs are regulated by the Reserve Bank of India under the RBI Act, 1934 and other applicable laws.
Unattempted
NBFCs are regulated by the Reserve Bank of India under the RBI Act, 1934 and other applicable laws.
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Question 4 of 15
4. Question
Which of the following is an activity that NBFCs cannot perform according to the provided material?
Correct
The material states that NBFCs are not involved in payment systems and cannot issue cheques or participate in settlements and clearances.
Incorrect
The material states that NBFCs are not involved in payment systems and cannot issue cheques or participate in settlements and clearances.
Unattempted
The material states that NBFCs are not involved in payment systems and cannot issue cheques or participate in settlements and clearances.
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Question 5 of 15
5. Question
What does an Asset Finance Company primarily finance?
Correct
Asset Finance Companies specialize in financing physical assets such as machinery, vehicles and equipment.
Incorrect
Asset Finance Companies specialize in financing physical assets such as machinery, vehicles and equipment.
Unattempted
Asset Finance Companies specialize in financing physical assets such as machinery, vehicles and equipment.
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Question 6 of 15
6. Question
What is the primary activity of an Investment Company under the NBFC classification?
Correct
An Investment Company focuses on investing in securities such as shares, bonds and other financial instruments.
Incorrect
An Investment Company focuses on investing in securities such as shares, bonds and other financial instruments.
Unattempted
An Investment Company focuses on investing in securities such as shares, bonds and other financial instruments.
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Question 7 of 15
7. Question
What type of projects are mainly funded by Infrastructure Finance Companies?
Correct
Infrastructure Finance Companies provide long-term funding for projects such as roads, bridges, power plants and urban development.
Incorrect
Infrastructure Finance Companies provide long-term funding for projects such as roads, bridges, power plants and urban development.
Unattempted
Infrastructure Finance Companies provide long-term funding for projects such as roads, bridges, power plants and urban development.
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Question 8 of 15
8. Question
Whom do Microfinance Institutions primarily serve through microloans?
Correct
MFIs provide small loans to low-income individuals and groups, mainly in rural and semi-urban areas.
Incorrect
MFIs provide small loans to low-income individuals and groups, mainly in rural and semi-urban areas.
Unattempted
MFIs provide small loans to low-income individuals and groups, mainly in rural and semi-urban areas.
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Question 9 of 15
9. Question
What is a key characteristic of Deposit-Taking NBFCs?
Correct
Deposit-Taking NBFCs can accept public deposits and are subject to stricter regulatory norms.
Incorrect
Deposit-Taking NBFCs can accept public deposits and are subject to stricter regulatory norms.
Unattempted
Deposit-Taking NBFCs can accept public deposits and are subject to stricter regulatory norms.
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Question 10 of 15
10. Question
How do Non-Deposit Taking NBFCs generally raise funds according to the provided material?
Correct
Non-Deposit Taking NBFCs do not accept public deposits and rely on sources such as loans and equity.
Incorrect
Non-Deposit Taking NBFCs do not accept public deposits and rely on sources such as loans and equity.
Unattempted
Non-Deposit Taking NBFCs do not accept public deposits and rely on sources such as loans and equity.
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Question 11 of 15
11. Question
How do NBFCs differ from banks regarding mandatory priority sector lending targets according to the provided comparison?
Correct
The provided comparison states that NBFCs have no mandatory priority sector lending target, while banks have mandated targets.
Incorrect
The provided comparison states that NBFCs have no mandatory priority sector lending target, while banks have mandated targets.
Unattempted
The provided comparison states that NBFCs have no mandatory priority sector lending target, while banks have mandated targets.
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Question 12 of 15
12. Question
According to the provided comparison, which statement about CRR and SLR is correct?
Correct
The provided material states that NBFCs are not required to maintain CRR and SLR, while banks are required to maintain them.
Incorrect
The provided material states that NBFCs are not required to maintain CRR and SLR, while banks are required to maintain them.
Unattempted
The provided material states that NBFCs are not required to maintain CRR and SLR, while banks are required to maintain them.
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Question 13 of 15
13. Question
What minimum net owned fund is mentioned for most NBFCs in the provided material?
Correct
The material states that most NBFCs must maintain a minimum net owned fund of ₹2 crores.
Incorrect
The material states that most NBFCs must maintain a minimum net owned fund of ₹2 crores.
Unattempted
The material states that most NBFCs must maintain a minimum net owned fund of ₹2 crores.
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Question 14 of 15
14. Question
What is the purpose of the Fair Practices Code for NBFCs?
Correct
The Fair Practices Code requires ethical customer dealings and transparency.
Incorrect
The Fair Practices Code requires ethical customer dealings and transparency.
Unattempted
The Fair Practices Code requires ethical customer dealings and transparency.
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Question 15 of 15
15. Question
How do NBFCs contribute to India‘s economic growth according to the provided material?
Correct
NBFCs bridge credit gaps, support MSMEs and infrastructure, promote rural development and entrepreneurship, and contribute to economic activity.
Incorrect
NBFCs bridge credit gaps, support MSMEs and infrastructure, promote rural development and entrepreneurship, and contribute to economic activity.
Unattempted
NBFCs bridge credit gaps, support MSMEs and infrastructure, promote rural development and entrepreneurship, and contribute to economic activity.