BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Under Non-Banking Finance Company a / an ____ means any company which is a financial institution carrying on as its principal business the acquisition of securities
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Investment Company
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Asset Finance Company
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Infrastructure Finance Company
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Loan Company
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Explanation:
Detailed explanation-1: -"insurance company” means any company registered under section 3 of the Insurance Act, 1938 (4 of 1938); “investment company” means any company which is a financial institution carrying on as its principal business the acquisition of securities; “lending public financial institution” means-
Detailed explanation-2: -Systemically Important Core Investment Company (CIC-ND-SI): CIC-ND-SI is an NBFC carrying on the business of acquisition of shares and securities.
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