NBFC Quiz
Practice quiz on NBFC (General Knowledge / Current Affairs). 10 exam-style questions with explanations.
About This Quiz
NBFC Quiz — Questions with Solutions
All 10 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.NBFC stands for
- A.National Bank Finance Company
- B.Non-Bank Fund Company
- C.New Banking Financial Corporation
- D.Non-Banking Financial Company
Show answer
Answer: D. Non-Banking Financial Company
NBFC.
Q2.NBFCs are regulated by the
- A.RBI
- B.IRDAI
- C.SEBI
- D.NABARD
Show answer
Answer: A. RBI
RBI.
Q3.Can NBFCs accept demand deposits?
- A.Only for agriculture
- B.No
- C.Yes
- D.Only for gold
Show answer
Answer: B. No
They cannot accept demand deposits.
Q4.Which of these is an NBFC?
- A.HDFC Bank
- B.SBI
- C.Bajaj Finance
- D.PNB
Show answer
Answer: C. Bajaj Finance
Bajaj Finance is an NBFC.
Q5.NBFCs are not part of the
- A.Credit market
- B.Payment and settlement system as direct members
- C.Financial sector
- D.Lending business
Show answer
Answer: B. Payment and settlement system as direct members
They are not part of the payment system.
Q6.An NBFC must be registered under the
- A.Companies Act
- B.Constitution
- C.Banking Regulation Act as a bank
- D.SEBI Act only
Show answer
Answer: A. Companies Act
Companies Act with RBI registration.
Q7.Housing Finance Companies are regulated now by the
- A.NHB only
- B.IRDAI
- C.RBI
- D.SEBI
Show answer
Answer: C. RBI
RBI took over from NHB in 2019.
Q8.The IL&FS crisis was related to
- A.Agriculture
- B.Mining
- C.NBFC sector
- D.Insurance
Show answer
Answer: C. NBFC sector
2018.
Q9.Microfinance Institutions (MFIs) mainly give
- A.Small loans
- B.Housing grants
- C.Crop insurance
- D.Equity
Show answer
Answer: A. Small loans
Small loans.
Q10.NBFCs can offer
- A.Cheque books for current accounts
- B.Reserve currency
- C.Loans and investments
- D.Demand drafts only
Show answer
Answer: C. Loans and investments
Lending/investment activity.
Frequently Asked Questions
Is NBFC Quiz free to attempt on AajExam?
Yes. NBFC Quiz is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.
How long does it take to complete NBFC Quiz?
NBFC Quiz runs on a 10-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on NBFC Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt NBFC Quiz multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
NBFC questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.