[amp_mcq option1=”1, 2 and 3 only” option2=”2, 3 and 4 only” option3=”1, 3 and 4 only” option4=”1, 2 and 4 only” correct=”option1″]<\/p>\n
The correct answer is: A. 1, 2 and 3 only<\/strong><\/p>\n Non-banking financial companies (NBFCs) are financial institutions that do not have a banking license. They provide a variety of financial services, including loans, investments, and insurance. NBFCs are regulated by the Reserve Bank of India (RBI).<\/p>\n There are many different types of NBFCs, but they can be broadly classified into four categories:<\/p>\n The four options given in the question are all types of NBFCs. Option 1, Asset Finance Company (AFC), is a type of NBFC that provides loans to businesses to purchase assets, such as equipment or vehicles. Option 2, Investment Company (IC), is a type of NBFC that raises money from investors and invests it in a variety of assets, such as stocks, bonds, and real estate. Option 3, Loan Company, is a type of NBFC that provides loans to individuals and businesses. Option 4, Foreign Trade Company (FTC), is a type of NBFC that facilitates international trade by providing services such as letters of credit and export financing.<\/p>\n Therefore, the correct answer is A. 1, 2 and 3 only.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”1, 2 and 3 only” option2=”2, 3 and 4 only” option3=”1, 3 and 4 only” option4=”1, 2 and 4 only” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33248","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"\n\n