2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For which company did RBI approve the license to operate as a Non-Banking Financial Company (NBFC)?
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Deutsche Bank
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BayernLB
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Kreditech
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KFW Bankgruppe
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Explanation:
Detailed explanation-1: -Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops.
Detailed explanation-2: -NBFCs are not engaged in agricultural activities or industrial activities. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; The deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
Detailed explanation-3: -Tata Capital Financial Services Limited is top of India’s leading NBFCs. Established in 2007, it is a subsidiary of Tata Sons Limited.
There is 1 question to complete.