Banking And Financial Institutions - Study Mode

[#876] Which of the following statement/s is/are correct regarding Nidhi companies? 1. Nidhi companies can borrow and lend to the members only. 2. They are registered under the Companies Act and are regulated by the Ministry of Cooperate Affairs. 3. They are included under NBFCs and are also regulated by the RBI.
Correct Answer

(C) All of the above

[#877] Which among the following is the act of taking on a risk for a fee?
Correct Answer

(D) Underwriting

[#878] Who is authorised to issue coins of smaller denomination in India?
Correct Answer

(B) Ministry of Finance

[#879] What does RBI's 'Rural Branching Mandate' mean to us?
Correct Answer

(D) None of above

[#880] A type of insurance that combines protection with investment plan is called
Correct Answer

(C) universal