Non-Banking Financial Companies are regulated by: MCQ with Answer and Explanation

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Non-Banking Financial Companies are regulated by:

A. SEBI

B. Reserve Bank of India

C. Ministry of Finance

D. IRDA

Answer: Option B

Solution (By JKSSB Mock Tests)

NBFCs are regulated by the Reserve Bank of India.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Wholesale Price Index' in India is compiled by:

A. Ministry of Finance

B. Office of Economic Adviser, Ministry of Commerce and Industry

C. NITI Aayog

D. RBI

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Correct Answer: Option B

Explanation:
The WPI is compiled by the Office of Economic Adviser in the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

Question #2

The largest component of India's GDP in recent years is contributed by the:

A. manufacturing sector

B. services sector

C. agriculture sector

D. mining sector

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Correct Answer: Option B

Explanation:
The services sector is the largest contributor to India's GDP.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is not a monetary policy instrument of the RBI?

A. Government expenditure

B. Open market operations

C. CRR

D. Repo rate

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Correct Answer: Option A

Explanation:
Government expenditure is a fiscal policy instrument, not a monetary policy instrument.

This question belongs to: Economy GK Economy Set 1

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