Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following is correct in the context of NBFC?

1. They are registered under the Banking Regulation Act, 1949
2. They have been kept under the regulatory control of RBI from 1997. ​
3. They are classified into deposit taking and non-deposit taking.

• A. 1 and 2 only
• B. 2 and 3 only
• C. 1 and 3 only
• D. All of the above.

Answer 1

The correct option is B 2 and 3 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Non–Banking Financial Corporation is a company incorporated under the Companies Act 2013 or 1956. ​