6 Views

Question : Which of the following is a function of a non-banking financial company (NBFC)?

 

Option 1: Issuing currency notes

Option 2: Accepting deposits from the public

Option 3: Managing the foreign exchange reserves of India

Option 4: None of the above


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Accepting deposits from the public


Solution : The correct answer is (b). Accepting deposits from the public

NBFCs are authorized to accept deposits from the public, although the nature and terms of these deposits may vary depending on the regulations governing the specific NBFC. They are subject to certain regulatory guidelines and restrictions set by the Reserve Bank of India (RBI) regarding deposit-taking activities.

Related Questions

UPES Dehradun | B.Com Admissi...
Apply
#41 in NIRF | 50 LPA Highest CTC, Ranked #1 in Academic Reputation in India by QS World University Rankings
Alliance University B.Com (Ho...
Apply
Highest CTC 60.1 LPA | 800+ Recruitment Partners
DSU- Dayananda Sagar Universi...
Apply
60+ Years of Education Legacy | UGC & AICTE Approved | Prestigious Scholarship Worth 6 Crores
Symbiosis Online Programs
Apply
Online PG programs from Symbiosis Centre for Distance Learning
GMAT™ Exam
Apply
Select test center appointment | Scores valid for 5 Years | Multiple Attempts | Round 2 Closing Soon
Parul University B.Com Admiss...
Apply
India's youngest NAAC A++ accredited University | NIRF rank band 151-200 | 2200 Recruiters | 45.98 Lakhs Highest Package
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books