Q. “NBFCs (Non-Banking Financial Companies)” are regulated by which of the following?


[B] Department of Financial Services

[C] Department of Economic Services

[D] Department of Disinvestment

Answer: A

Explanation: RBI, the regulator of the NBFCs, has gives a very wide definition of such companies (a kind of ‘umbrella’ definition)—“a financial institution formed as a company involved in receiving deposits or lending in any manner.”

Source: Ramesh Singh