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

Question 1

Which of the following is a primary distinction between Non-Banking Financial Companies (NBFCs) and Scheduled Commercial Banks in India regarding deposit acceptance?

NBFCs cannot accept any form of public deposits, whereas banks can. NBFCs cannot accept savings deposits and current deposits payable on demand, whereas banks can. NBFCs can only accept interest-free deposits, whereas banks can pay interest. NBFCs can issue cheques drawn on themselves, whereas banks cannot.

Correct Answer:

NBFCs cannot accept savings deposits and current deposits payable on demand, whereas banks can.

Question 2

Which committee recommended the introduction of a comprehensive regulatory framework for NBFCs including compulsory registration and maintenance of liquid assets in India?

Urjit Patel Committee Shah Committee Nachiket Mor Committee Narasimham Committee II

Correct Answer:

Shah Committee

Question 3

Which of the following regulators is responsible for governing Nidhi Companies in India?

Reserve Bank of India Securities and Exchange Board of India Ministry of Corporate Affairs National Housing Bank

Correct Answer:

Ministry of Corporate Affairs

Question 4

With effect from 2019, the regulatory control over Housing Finance Companies (HFCs) was transferred to which authority?

National Housing Bank (NHB) Reserve Bank of India (RBI) Securities and Exchange Board of India (SEBI) Ministry of Finance

Correct Answer:

Reserve Bank of India (RBI)

Question 5

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

Question 1

Exam overview

About this Exam

Prepare with the IIBF NBFC Practice Questions - IIBF Certificate Examination in Non-Banking Financial Companies (India) Exam practice quiz. This question bank includes 100 questions covering nbfcs, nbfc, layer, asset, and india. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

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

This practice set contains 100 questions from the matching question bank and focuses on nbfcs, nbfc, layer, asset, and india. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.

No fixed duration is currently configured for this quiz.

Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.

Yes. You can retake the practice test again as you continue studying during your available access period.

After your access is confirmed, you can continue into the complete practice exam from this quiz flow.

Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.

Keep studying

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

About this Exam

Additional Information

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

Frequently Asked Questions

Related Questions

120-Hour TESOL Certificate Practice Test

340B Program Operations Certificate Practice Exam

Ultimate Architect Registration Examination ARE Practice Exam

ASU ACC232 Financial Accounting Practice Exam

ASU ACC502 Financial Accounting Practice Exam Study Guide

AAPD Qualifying Examination QE Practice Exam