Which of the following is an example of NBFCs? [IBPS 2013]

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Unit Trust of India
B	Life Insurance Corporation
C	General Insurance Corporation
D	All of the above

Explanation:

Detailed explanation-1: -Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.

Detailed explanation-2: -A Non–Banking Financial Corporation is a company incorporated under the Companies Act 2013 or 1956. According to section 45-I (c) of the RBI Act, a Non–Banking Company carrying on the business of a financial institution will be an NBFC.

Detailed explanation-3: -Number of NBFCs in India 2021, by category As of financial year 2022, 9500 NBFCs belonged to the non-deposit taking category (NBFC-NDs), based on liabilities. Systemically important non-deposit taking NBFCs (NBFC-ND-SI) are large NBFC-NDs with assets of more than five billion Indian rupees.

There is 1 question to complete.