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    Question

    Which act governs the regulation and supervision of NonBanking Financial Companies (NBFCs) in India?

    A Companies Act, 2013 Correct Answer Incorrect Answer
    B Banking Regulation Act, 1949 Correct Answer Incorrect Answer
    C Reserve Bank of India Act, 1934 Correct Answer Incorrect Answer
    D Securities Contract Regulation Act, 1956 Correct Answer Incorrect Answer
    E Payment and Settlement Systems Act, 2007 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India Act, 1934 governs the regulation and supervision of NonBanking Financial Companies (NBFCs) in India. It grants RBI the authority to regulate and supervise NBFCs.

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