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Non-Banking Financial Companies (NBFC)
Which of the following are the benefits of NBFCs in India?
- They play crucial role in the infrastructure development of the country.
- They help diversify the credit portfolio of the economy.
- They make huge contribution to state exchequer.
Choose the correct answer from the code given below:
A |
1 and 2 only
|
|
B |
2 and 3 only
|
|
C |
1, 2 and 3
|
|
D |
3 only
|
Your Ans is
Right ans is C
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- NBFCs make huge contribution to state exchequer in the form of taxes.
- NBFCs play a critical role in the core development of infrastructure, transport, and employment generation.
- Non-bank entities with specialised expertise provide an alternative source of credit and certain functions in the credit domain thus diversifying the credit portfolio of Indian economy.
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