MC21 Which of the following is the regulatory body for non-banking financial companies (NBFCs) in India?
A. Reserve Bank of India (RBI)
B. Securities and Exchange Board of India (SEBI)
C. Ministry of Finance
D. National Company Law Tribunal (NCLT)
Answer:A
MC21 Which of the following is the regulatory body for non-banking financial companies (NBFCs) in India?
A. Reserve Bank of India (RBI) B. Securities and Exchange Board of India (SEBI) C. Ministry of Finance D. National Company Law Tribunal (NCLT)
Explanation: The Reserve Bank of India (RBI) is the regulatory body for non-banking financial companies (NBFCs) in India. It regulates and supervises the activities of NBFCs to ensure financial stability and protect the interests of depositors.