BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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cash & bank balances
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money market instruments
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money market mutual funds
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All of the above
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Detailed explanation-1: -Core Investment Companies with asset size of less than ₹ 100 crore, and those with asset size of ₹ 100 crore and above but not accessing public funds are exempted from registration with the RBI. 10. What are the different types/categories of NBFCs registered with RBI?
Detailed explanation-2: -Core Investment Company can be classified into two categories: CIC-ND-Non Systemically Important (NSI) and CIC-ND-Systemically Important (SI). Non-Systemically Important CIC (NSI): It is a non-deposit taking CIC which has an asset size of less than Rs.
Detailed explanation-3: -The assets which are acquired in satisfaction of claim are called non-banking assets. These are not used in the ordinary course of banking business. A bank cannot hold these types of assets for a period of more than seven years from the date of its acquisition.
Detailed explanation-4: -it does not trade in its investments in shares, debt or loans in group companies except through block sale for dilution or disinvestment, no financial activity is carried out by it, which are listed under Section 45I(c) and 45I(f) of the RBI Act, 1934.