Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Financial Organisations
Consider the following statements regarding Non-Banking Financial Companies:
1. NBFCs are financial bodies having a principal business related to agriculture or industrial activity.
2. Deposit-taking NBFCs of all sizes has to align themselves with the Risk-Based Internal Audit framework issued by RBI.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2