Examveda
Examveda

The difference between a bank and a non-banking financial companies (NBFCs) is that:

A. a bank interacts directly with customers, while an NBFI interacts with banks and governments

B. a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is mainly concerned with the finances of foreign companies

C. a bank deals with both internal and international customers, while an NBFI is mainly concerned with the finances of foreign companies

D. a bank's main interest is to help in business transactions and savings/investment activities, while an NBFI's main interest is the stabilization of currency

Answer: Option B


This Question Belongs to Commerce >> Banking And Financial Institutions

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