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
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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