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

Non-Banking Financial Companies are regulated by:
A. IRDA
B. Ministry of Finance
C. Reserve Bank of India
D. SEBI
Answer: Option C
Solution (By JKSSB Mock Tests)
NBFCs are regulated by the Reserve Bank of India.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'Central Goods and Services Tax' is levied by:
A. state governments
B. local bodies
C. central government
D. GST Council

Correct Answer: Option C


Explanation:
CGST is levied by the central government on intra-state supply.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a function of the International Monetary Fund?
A. Providing short-term financial assistance for balance of payments problems and conducting surveillance
B. Providing only bilateral aid
C. Regulating international trade rules
D. Providing long-term project finance for infrastructure development

Correct Answer: Option A


Explanation:
The IMF provides temporary financial support to countries facing balance of payments difficulties, conducts economic surveillance and offers technical assistance. Long-term project finance is the domain of the World Bank.

This question belongs to: Economy GK Economy Set 1
Question #3
The term 'Fiscal Drag' refers to:
A. Increase in fiscal deficit
B. Deliberate reduction in government spending
C. Automatic increase in tax revenue due to inflation
D. Decrease in tax rates

Correct Answer: Option C


Explanation:
Fiscal drag occurs when inflation pushes taxpayers into higher tax brackets, increasing tax revenue without any change in tax rates, acting as an automatic stabiliser.

This question belongs to: Economy GK Economy Set 1