Question

A Non-Banking Financial Company (NBFC) is a company registered under the ..............

• A. RBI Act, 1934
• B. Company Act, 1956
• C. NBFC Act, 1956
• D. Government Securities Regulation, 1913

Hint:

When learning about financial regulations, note the specific acts that govern different financial institutions like NBFCs, banks, and other companies.

Answer 1

The Correct Option is C

A Non-Banking Financial Company (NBFC) is governed by the provisions of the NBFC Act, 1956. This act regulates the activities and registration of such companies in India.
Therefore, the correct answer is "NBFC Act, 1956."