As on April 2022, under the RBI guidelines, the financial assets of Non Banking Financial Companies (NBFCs) should be more than ________ of the total assets (netted off by intangible assets).

Correct option is B

Correct Answer: B 50%

As per the Reserve Bank of India (RBI) guidelines, as of April 2022, a company is classified as a Non-Banking Financial Company (NBFC) if its financial assets constitute more than 50% of its total assets (after deducting intangible assets). Additionally, the income generated from these financial assets should also be at least 50% of the total income. This "50-50 test" is used by the RBI to distinguish NBFCs from other types of companies.

• NBFCs are financial institutions that provide banking services without holding a banking license.
  
•  They are regulated by the RBI under the Reserve Bank of India Act, 1934.
  
•  Unlike banks, NBFCs cannot accept demand deposits (such as savings accounts).
  
•  NBFCs play a significant role in lending, infrastructure financing, leasing, and other financial activities.
  
•  RBI ensures that NBFCs maintain a certain level of transparency and financial discipline to protect the interests of depositors and customers.