IIBF NBFC Practice Questions - IIBF Certificate Examination In Non-Banking Financial Companies (India) Exam

What is the primary role of Non-Banking Financial Companies (NBFCs) in the Indian financial system?

To offer checking account facilities to rural customers To provide credit to unbanked sectors and niche markets where banks have limited outreach To act as the sole issuer of currency notes To manage the government's fiscal deficit

Correct Answer:

To provide credit to unbanked sectors and niche markets where banks have limited outreach

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