What is the full form of "NBFC"?
A. Non Banking Financial Companies
B. National Banking and Financial Consortium
C. Native Fiscal and Balance Credit
D. Non Bailable Financial Credit
Answer: Option A
Solution(By Examveda Team)
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations.Related Questions on Finance Abbreviations
What is the full form of "YTM"?
A. Yield To Money
B. Yield To Maturity
C. Marketing To Yield
D. Mutual Trade Yielding
What is the full form of "YTD"?
A. Year to Delivery
B. Yield to Debit
C. Year-to-date
D. Yield of Divergence
What is the full form of "WC"?
A. Withdraw Cash
B. Working Capital
C. Wage Capital
D. Wage Collateral
What is the full form of "TSR"?
A. Total Shareholder Return
B. Taxation of Stock Rate
C. Treasury Stock Return
D. Trading Security Rate
Join The Discussion