Expected Questions on Banking & Financial Awareness – NBFCs

Hello and welcome to exampundit . So, we are kicking of Expected Questions on Banking & Financial Awareness for SBI PO Mains & Other exams. Each time, there will be a new topic on which the EQs will be written.

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? – i. 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

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6. What type(s) of NBFC is not regulated by the Reserve Bank of
– 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)?



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