Non-Banking Financial Institutions
Economics ⇒ Money and Banking
Non-Banking Financial Institutions starts at 11 and continues till grade 12.
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Describe any two functions performed by Non-Banking Financial Institutions.
Explain the difference between a Mutual Fund and an Insurance Company as NBFIs.
Explain the importance of Non-Banking Financial Institutions in rural development.
Explain the main difference between a bank and a Non-Banking Financial Institution.
Explain the role of NBFCs in the Indian economy.
Explain the role of NBFIs in financial inclusion.
Explain the term 'Shadow Banking' in the context of NBFIs.
Name any two Development Financial Institutions in India.
Which of the following is a characteristic of NBFCs? (1) They can issue demand drafts (2) They cannot accept demand deposits (3) They are not regulated by any authority (4) They provide only insurance services
Which of the following is a feature of NBFCs? (1) They can accept demand deposits (2) They are not allowed to lend money (3) They are regulated by RBI (4) They issue currency notes
Which of the following is a function of Housing Finance Companies as NBFIs? (1) Providing home loans (2) Issuing currency notes (3) Accepting demand deposits (4) Providing overdraft facilities
Which of the following is a function of Mutual Funds as NBFIs? (1) Accepting demand deposits (2) Pooling funds from investors to invest in securities (3) Issuing currency notes (4) Providing overdraft facilities
Fill in the blank: NBFCs are required to be registered with the ______ before commencing business in India.
Fill in the blank: The ______ is a regulatory authority for mutual funds in India.
Fill in the blank: The ______ is a type of NBFC that provides loans for purchasing vehicles and machinery.
Fill in the blank: The ______ is responsible for regulating the insurance sector in India.
State whether the following statement is true or false: 'All NBFIs are allowed to issue cheques to their customers.'
State whether the following statement is true or false: 'NBFCs are allowed to accept savings deposits from the public.'
State whether the following statement is true or false: 'NBFCs can provide both secured and unsecured loans.'
State whether the following statement is true or false: 'NBFCs can provide leasing and hire purchase services.'
