Expected Banking Awareness Questions – Non-Banking Financial Companies

Hello and welcome to exampundit. Today we are sharing the Expected Questions from Non-Banking Financial Companies. As a part of our Expected Banking Awareness Questions, today we have tried to cover all the important questions from Non-Banking Financial Companies.

Expected Banking Awareness Questions – Non-Banking Financial Companies
Expected Banking Awareness Questions – Non-Banking Financial Companies

Expected Banking Awareness Questions – Non-Banking Financial Companies

  1. Non–Banking Financial Companies (NBFC) are registered under which act? – Companies Act, 1956
  2. Who among the followings regulates the NBFCs in India? – Reserve Bank of India
  3. What is difference between banks & NBFCs? – NBFC cannot accept demand deposits; ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; iii. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
  4. What is the minimum net owned fund requirement for NBFCs? – ₹ 200 lakh
  5. What are systemically important NBFCs? – NBFCs whose asset size is of ₹ 500 cr or more
  6. What type(s) of NBFC is not regulated by the Reserve Bank of India? – Housing Finance Companies, Merchant Banking Companies, Stock Exchanges, Companies engaged in the business of stock–broking/sub–broking, Venture Capital Fund Companies, Nidhi Companies, Insurance companies and Chit Fund Companies
  7. What is the minimum Net Owned Fund requirement for Infrastructure Finance Company? – ₹ 300 crore
  8. The NBFCs are allowed to accept/renew public deposits for a minimum period of ________. – 12 Months
  9. The NBFCs are allowed to accept/renew public deposits for a maximum period of __________. – 60 Months
  10. Which is the authority that regulates Collective Investment Schemes (CIS)? – SEBI
  11. NBFC-Infrastructure Finance Companies must have a minimum Net Owned Funds of ________. – ₹300 crore
  12. NBFC-Infrastructure Finance Companies must have at least what per cent of its total assets in infrastructure loans? – 75%
  13. Loan disbursed by an NBFC-MFI to a borrower with a rural household annual income should not exceed – ₹ 1,00,000
  14. Loan disbursed by an NBFC-MFI to a borrower with urban and semi-urban household income should not exceed – ₹ 1,60,000
  15. For an NBFC-MFI, the tenure of the loan must not to be less than how many months? – 24 months
  16. NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is _____. – 5%
  17. The NBFCs are allowed to accept/renew public deposits for a minimum period of _________. – 12 months
  18. The NBFCs are allowed to accept/renew public deposits for a maximum period of _________. – 60 months
  19. The Chit fund NBFCs are governed by _____. – State Governments
  20. The NBFC-Housing Finance companies are regulated by ________. – National Housing Bank

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