1.

Which of the following is true1). NBFCis engaged in the business of loans and advances, acquisition of bonds/debentures/securities issued by Government.2). It includes institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods 3). There is Ombudsman for hearing complaints against NBFCs4). Only 1 and 2

Answer»

NBFCis engaged in the business of loans and advances, acquisition of bonds/debentures/securities issued by Government and it does not INCLUDE institution which is INCLUDED in the industrial or agricultural ACTIVITY. There is Ombudsman for hearing complaints against NBFCs which was LAUNCHED by RBI on 23RD Feb,2018.



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