GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IDBI
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ICICI
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NBFI
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Reserve Bank of India
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Detailed explanation-1: -A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank-related financial services, such as investments, risk pooling, contractual savings, and market brokering.
Detailed explanation-2: -WTO institutions cannot be included in the international financial and monetary system. The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
Detailed explanation-3: -As per RBI Act 1934, Reserve Bank of India (RBI) has the powers to regulate and control the Non-Banking Financial Companies. As per RBI Act, RBI can exercise surveillance, supervise, inspect, issue directions, lay down policies and regulate the Non-Banking Financial Companies (NBFC’s).