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
- Non–Banking Financial Companies (NBFC) are registered under which act? – Companies Act, 1956
- Who among the followings regulates the NBFCs in India? – Reserve Bank of India
- 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.
- What is the minimum net owned fund requirement for NBFCs? – ₹ 200 lakh
- What are systemically important NBFCs? – NBFCs whose asset size is of ₹ 500 cr or more
- 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
- What is the minimum Net Owned Fund requirement for Infrastructure Finance Company? – ₹ 300 crore
- The NBFCs are allowed to accept/renew public deposits for a minimum period of ________. – 12 Months
- The NBFCs are allowed to accept/renew public deposits for a maximum period of __________. – 60 Months
- Which is the authority that regulates Collective Investment Schemes (CIS)? – SEBI
- NBFC-Infrastructure Finance Companies must have a minimum Net Owned Funds of ________. – ₹300 crore
- NBFC-Infrastructure Finance Companies must have at least what per cent of its total assets in infrastructure loans? – 75%
- Loan disbursed by an NBFC-MFI to a borrower with a rural household annual income should not exceed – ₹ 1,00,000
- Loan disbursed by an NBFC-MFI to a borrower with urban and semi-urban household income should not exceed – ₹ 1,60,000
- For an NBFC-MFI, the tenure of the loan must not to be less than how many months? – 24 months
- NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is _____. – 5%
- The NBFCs are allowed to accept/renew public deposits for a minimum period of _________. – 12 months
- The NBFCs are allowed to accept/renew public deposits for a maximum period of _________. – 60 months
- The Chit fund NBFCs are governed by _____. – State Governments
- The NBFC-Housing Finance companies are regulated by ________. – National Housing Bank
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