Multiple choice

NBFC stands for?

  1. Non Banking Financial Company

  2. Non Insurance Finance Corporation

  3. Non Banking Financial Commission

  4. Non Banking Funds Commission
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A Correct answer
Explanation

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956. It is engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of alike nature, leasing, hire-purchase, insurance etc.

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