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    What is the full form of 'NBFC’, a type of financial Institution?
    Question



    What is the full form of 'NBFC’, a type of financial Institution?


    A.

    Nominal Banking Financial Company


    B.

     National Banking Financial Company

     

    C.

    Non-Banking Financial Company 


    D.

     Net Banking Financial Company

    Correct option is C

     • Non-Banking Financial Company (NBFC) is a financial institution that provides banking-like services without a banking license.

    • They are regulated by the Reserve Bank of India.

    Information Booster:
    • NBFCs can:

    • Give loans

    • Invest in shares

    • Provide financial services

    • NBFCs cannot:

    • Accept demand deposits (like savings accounts)

    • Issue cheques

    Additional Knowledge:
    • Examples: Bajaj Finance, Muthoot Finance

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