New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Non-Banking Financial Companies (NBFCs) are the Financial Intermediaries engaged primarily in the business of

    i. Accepting Deposits

    ii. Lending loans and advances

    iii. Leasing

    iv. Hire purchasing

    A i and ii Correct Answer Incorrect Answer
    B iii and iv Correct Answer Incorrect Answer
    C i and iii Correct Answer Incorrect Answer
    D i, ii, iii and iv Correct Answer Incorrect Answer
    E i only Correct Answer Incorrect Answer

    Solution

    A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 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 but 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 the immovable property.

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