Which of the following is one of the major differences between an NBFC & a Bank?
Solution- A government authorised financial intermediary that aims at providing banking services to the general public is called the bank. An NBFC is a company that provides banking services to people without holding a bank license. An NBFC is incorporated under the Indian Companies Act, 1956 whereas a bank is registered under Banking Regulation Act, 1949. NBFC is not allowed to accept such deposits which are repayable on demand. Unlike banks, which accepts demand deposits. Banks are an integral part of payment and settlement cycle while NBFC, is not a part of the system.
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The world is not kindly to those who do not tackle their own problems.
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In the following sentence, four words or phrases have been underlined. One of them is incorrect. Select the INCORRECT word or phrase from the given opti...
Find out the appropriate word.
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