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MCQ's - NBFC

The document contains 10 multiple choice questions about regulations for Non-Banking Financial Companies (NBFCs) in India. Some key points covered are: - NBFCs must invest a minimum of 30% of their assets in business activities like leasing, unless licensed for other activities. - They must provide at least 6% of their total fund-based financing to small businesses. - Public deposits taken by NBFCs can be secured or unsecured. A minimum of 10% of deposits must be maintained as liquid assets. - Deposits must be for a minimum of 12 months and a maximum of 60 months. - NBFCs must allot at least 20% of paid

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3K views2 pages

MCQ's - NBFC

The document contains 10 multiple choice questions about regulations for Non-Banking Financial Companies (NBFCs) in India. Some key points covered are: - NBFCs must invest a minimum of 30% of their assets in business activities like leasing, unless licensed for other activities. - They must provide at least 6% of their total fund-based financing to small businesses. - Public deposits taken by NBFCs can be secured or unsecured. A minimum of 10% of deposits must be maintained as liquid assets. - Deposits must be for a minimum of 12 months and a maximum of 60 months. - NBFCs must allot at least 20% of paid

Uploaded by

Zara Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MCQ’S

Non-banking Financial Companies (NBFC’s)

1. The Non-Banking Financial Companies shall invest ________ of its assets in a business of leasing,
unless it is duty licensed by commission to undertake any other form of business
a. Seventy per cent
b. Thirty per cent
c. Fifty per cent
d. Eighty per cent
2. No- Banking Financial Companies shall provide facilities amounting to at least _____ of its fund
based facilities to small entrepreneurs
a. Three years
b. Four years
c. Six years
d. Ten years
3. The deposit taken by the public will be
a. Secured
b. Unsecured
c. None of above
4. A minimum level of ________of the Public Deposits has to be maintained by the Company in
Liquid Assets.
a. 5%
b. 10%
c. 15%
d. 20%
5. The public Deposits which the company can take should be for a minimum
___________________and a maximum _________________.
a. Minimum time period of 12 months and maximum time period of 60 months
b. Minimum time period of 6 months and maximum time period of 20 months
c. Minimum time period of 8 months and maximum time period of 30 months
d. Minimum time period of 10 months and maximum time period of 40 months
6. The company has allotted at least _____________of the paid-up share capital to the promoters.
a. Fifteen per cent
b. Twenty per cent
c. Twenty five per cent
d. Fifty per cent
7. The company appoints its ______________who does not hold such office in any other company
except for an investment company being managed by the said company, provided that prior
approval of the Commission has been obtained in this regard
a. Chief executive
b. Director
c. Manager
d. Advisor
8. If an NBFC fails to commence business within _____________of the issuance of license, the
license shall be deemed to be cancelled or otherwise as specified by the Commission by
notification in the official Gazette.
a. One year
b. Three years
c. Five years
d. Seven years
9. A NBFC shall not appoint as directors persons who hold such office in any other NBFC licensed
for the same form of business.
a. Chief executive
b. Director person
c. Auditors
d. Managers
10. NBFC shall raise funds in any form from ____________except as specified by the Commission by
notification in the official Gazette.
a. Individuals
b. Groups
c. Parties
d. None of above

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