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Wednesday, October 31, 2012

2. Which one of the following is an example for Non-Banking Financial institution?


(A) RBI
(B) SBI
(C) IOB
(D) LIC

Ans. (D) LIC 

NBFI (Non-Banking Financial Institution) - These are companies that do not accept deposits or handles accounts like traditional banks but provide all other form of services like share trading accounts, banking investments, loans etc.

Some of other than Life Insurance Corporation (LIC)  NFBIs are :

Unit Trust of India (UTI)
General Insurance Company (GIC)

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