Question
What is the wrong statement about
NBFCs?Solution
Housing Finance companies are regulated by RBI w.e.f 2019 Rest of the statements are true. As per the recent Scale Based Regulation by RBI for NBFCs NBFCs without public funds and customer interface will always remain in the Base Layer of the regulatory structure The extant NPA classification norm stands changed to the overdue period of more than  90 days for all categories of NBFCs. A glide path is provided to NBFCs in Base Layer to adhere to the 90 days NPA norm as under – NPA Norms                                    Timeline >150 days overdue                         By March 31, 2024 >120 days overdue                         By March 31, 2025 > 90 days                                        By March 31, 2026 The glide path will not be applicable to NBFCs which are already required to follow the 90-day NPA norm. There shall be a ceiling of ₹1 crore per borrower for financing subscription to Initial Public Offer (IPO). NBFCs can fix more conservative limits
Statements: No data is a number.
Some numbers are not letters.
Only letters are consonants.
Conclusions: I. All letters may be co...
Statements:
All rollers are coasters.
Some swings are rollers.
All bridges are swings.
Conclusions:
I. All coaste...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if t...
Statements-
1. All phones are wires.
2. All switches are wires.
3. Some wires are poles.
4. Some poles are not phones.
<...Statements:
Only mango is apple.
No orange is a Peach.
Some Peaches are guavas.
Some guavas are mangoes.
Conclusio...
Statements:
Only a few Apple is Banana.
No Banana is Grapes.
Only a few Grapes is Mango.
All Mango is Papaya.
Conc...
Statements:Â Â Â Â Â Â Some pen are pencil.
All pencil are book.
Conclusions:Â Â Â Â Â Â I. Some pen are book.
II. Some book are ...
Statements:
All tomatoes are potatoes.
All potatoes are onions.
Conclusions:
I. Some potatoes are tomatoes.
II. All tomatoes are onions.
Statements:
Only a few A is B.
Only B is C.
Some A is D.
Conclusions:
No D being C is a possibility.
All B...
Statements:
Only a few blazers are red
Some red are black
No black are tie
Conclusions:
I. Some black are not red...
Relevant for Exams:
