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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

    • NBFC stands for Non-Banking Financial Company.
    • These institutions provide financial services like loans and investments but do not have a banking license.
    Information Booster:
    • NBFCs are regulated by the Reserve Bank of India (RBI).
    • They cannot accept demand deposits like banks.
    Additional Knowledge:
    • Nominal / National / Net Banking (Options A, B, D) – incorrect expansions
    • NBFCs play a major role in financial inclusion

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